SriLankan Airlines Achieves Highest Ever Monthly Revenue in December
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly operating revenue reached this landmark figure.
The airline attributes the increase in revenue to its expanded network and continuous improvement in revenue management processes. A total of 566,627 passengers were carried during the month, a 27% increase over December 2016 and recorded a Passenger Load Factor of 85.9% – above that of most major airlines in the world. Cargo carriage too witnessed a significant growth, rising 23% year-over-year to 12,016 metric tonnes.
The airline’s newly launched route to Melbourne, Australia, was a resounding success – achieving a Passenger Load Factor of 92.4% – and recording a significant overall profit during the month. This makes Melbourne the first long-haul route launch of the airline in recent years to reach profitability in such a short period.