SriLankan Airlines denies claims of suffering major losses

The effect of this, coupled with the acceptance of several new (and expensive) aircraft, a depreciation of the Rupee and other currencies against the USD (the majority of airline costs are in USD) saw a weakening of the balance sheet. Contrary to reports in the press, the management of SriLankan Airlines pointed out today that since the unity Government was formed, the airline’s losses have been dramatically reduced. The airline says that Rs. 91.8 billion in losses suffered between 2011 and 2015 had reduced to a fraction of this colossal number by 2017.A statement by the airline said that a fuel price reduction of 2015 saw a drop in ticket prices that did not recover when fuel increased again. The runway re-surfacing project at Colombo Airport, which was absolutely necessary, also forced the national carrier to cancel over 600 flights, equivalent to two entire weeks of scheduled services, in the first three months of 2017. These factors combined to worsen the performance of what could have been a successful financial year in 2016/17. Further restructuring is required in order to reduce the cost base and make the company competitive in this extremely challenging market.The Directors and management team are confident that with the support of the shareholder, the recovery of the national airline will continue and the positive trend will be further improved upon. (Colombo Gazette) The airline says it continues to pay a heavy price for the extremely high lease rental agreements entered into by the previous government. The cost of terminating the leases on four A350-900 aircraft that were grossly overpriced and completely unsuitable for the national carrier, imposed a further burden on the airline. (One-off items in table above).The airline is now undergoing a modest recovery in revenues and is about to launch significant regional expansion. Three new destinations in India, direct flights to Hong Kong and Guangzhou and a long awaited non-stop service to Australia are all planned in the coming months. read more

Jo Coxs sister still has not come to terms with her death

first_imgKim Leadbeater, sister of murdered MP Jo Cox Right wing loner Thomas Mair was given a whole life term after being convicted of her murder at the Old Bailey in November. Murdered MP Jo Cox  Jo Cox's mum and dad Gordon and Jean Leadbeater, sister Kim She said: “You couldn’t have foreseen it. No one knew that was going to happen, but then that happens to people all the time, with the bombings and the terror attacks in recent years.”I think that will take a lot of understanding, but what you have to then do is think actually the majority of people are good people, and we have just been unbelievably unlucky that our life has been affected by somebody who wasn’t a good person.”But you have to try and move forward from that and focus on how most people are actually really good and really kind.”And Miss Leadbeater said she does not waste a moment of her time thinking about Mair or the trial, describing it as a “job” the family had to go through.She said: “I haven’t thought about it since and I don’t intend to think about it.”The energy that I’ve got will be channelled into creating a positive legacy for Jo, rather than thinking about how she died. We will really, really focus on how she lived.” She said: “There’s a lot of stuff that I still haven’t dealt with, and I guess that’s where maybe counselling or some advice on how to cope with that would come in. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. To mark the anniversary of her murder, thousands of people will take part in an event called The Great Get Together this weekend, coming together to enjoy small picnics and community events across the UK.Throwing herself into its organisation has been a salve for Miss Leadbeater, 41, but she is aware there are still difficult roads ahead. Murdered MP Jo Cox Credit:Jo Cox Foundation “No, I don’t think I have, and I think that’s going to take a long time, an awfully long time.”When The Great Get Together – also a celebration of the MP’s ardent belief that people have more in common than the things dividing them – is over, Miss Leadbeater has promised to allow herself the time to begin processing what has happened to her family. Jo Cox’s mum and dad Gordon and Jean Leadbeater, sister Kim Credit:Ben Lack She told the Press Association: “I don’t think I’ve grieved at all yet, if I’m quite honest.”Since Jo was murdered, there has been no time because of the public nature of how it happened, because of Jo’s position that she was in – it’s been a constant rollercoaster.”I know all the facts, I know what happened, I sat through the trial – I’ve got all that information, but have I actually processed that and understood what that means for the rest of my life? The sister of murdered MP Jo Cox has said she has not yet fully come to terms with her death or had time to grieve – and revealed she does not give her killer a second thought.Kim Leadbeater described the 12 months since her older sister was killed as a “constant rollercoaster” that has not allowed her time to sit back and process her emotionsWhile she has occasionally found herself sobbing in the middle of the night, Ms Leadbeater said she and her family have been buoyed by an outpouring of support from across the country and around the world. She said: “That doesn’t mean we don’t have days where it really can be a struggle to keep going, but so far we’re managing.”One thing that drives you is thinking what Jo would want you to do, and Jo wouldn’t want this to take any more from us than it already has done. I keep trying to remember that.”Mrs Cox was shot and stabbed on June 16 last year as she arrived for a constituency surgery in Birstall, West Yorkshire, just 13 months after being elected as Labour MP for Batley and Spen constituency. She said: “We’ve come together stronger than ever, Brendan has just been amazing and the way he’s looked after the children, I’ve got so much respect for him and so much love for him.”So we’ve got each other, and we’ve come together, and that’s been really really helpful.”She is philosophical about Mrs Cox’s death, saying that while they were “extremely, unbelievably unlucky” to have such evil forces “conspire” against them, “the reality is, the way that the world is at the moment, bad things do happen”. “We have been so busy focusing on creating a legacy for Jo, which is exactly what we want to do, but that has to slow down at some point.”I’ve had moments. I’ve broken down in tears at the traffic lights and I remember sitting on the steps at home at 4 o’clock in the morning just uncontrollably crying.”But they have actually been quite sporadic and I think I need a bit more time to really understand what’s happened.”Miss Leadbeater said her sister’s murder has drawn the family closer. Kim Leadbeater, sister of murdered MP Jo CoxCredit: Dominic Harrislast_img read more