Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

In the first nine months of operations ended December, what is the bottom-line like?

0
Posted

In the first nine months of operations ended December, what is the bottom-line like?

0

We have an accumulated loss of about one point four billion rupees for the nine months. We have made an operating profit in December and we will be breaking-even by March. According to that business plan we will achieve a massive profit at the end of 2008 and we will stick to that plan. LBR: Will you get more aircraft? A: We will get one more aircraft but that is on hold. Lots of things are on hold at the moment because we are looking at where the synergies can arise between SriLankan and Mihin. LBR: An integral part of your next year’s plans would be your synergies with SriLankan. Are you worried SriLankan staff would be resisting this? A: What do you mean by that? Mihin Lanka will not depend on SriLankan, what we have to ensure is we don’t compete. We have to come up with a strategy where both airlines will be on a win-win. I don’t know what staff says but at the end of the day we should work for the benefit of the nation. That is what is important. The independence of the airlines m

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123