SriLankan Air Negotiating With Lessors, Cutting Costs

The transcript discusses the impact of COVID-19 on an airline in Sri Lanka, highlighting the challenges faced, financial impacts, and measures taken to mitigate losses. The airline has reduced operations, renegotiated leases, and cut costs. It is not planning to privatize or sell parts of the business, relying on government support. The airline is exploring travel bubbles with countries like the UK, Singapore, and China to boost travel. Despite the challenges, the airline aims to become leaner and more profitable in the future.

What is the main concern for the airline industry in Sri Lanka despite the country's success in controlling COVID-19?

• Shortage of staff

• High operational costs

• Global travel restrictions

• Lack of government support

By what percentage has the airline's turnover decreased compared to the previous year?

• 25%

• 75%

• 50%

• 90%

What measures has the airline taken to manage its fleet during the COVID-19 pandemic?

• Increased the number of flights

• Negotiated with Airbus for fleet adjustments

• Expanded to new destinations

• Purchased new aircraft

How has the airline managed to reduce its leasing costs?

• By increasing ticket prices

• By reducing the number of flights

• By negotiating with lessors

• By laying off staff

What is the airline's strategy for dealing with its debt?

• Converting debt into equity

• Selling off parts of the business

• Raising ticket prices

• Reducing staff salaries

Which countries are being considered for travel bubbles with Sri Lanka?

• Brazil, Argentina, and Chile

• UK, Singapore, and China

• USA, Canada, and Germany

• India, Australia, and Japan

What is the airline's expectation for returning to profitability?

• Within six months

• In two years

• Immediately

• In five years