Sri Lankan Airlines suspends flights as it looks to get back in the black

Srilankan Airlines, yesterday announced that it will be suspending flights to Paris and Frankfurt from October and November this year. The last flights between Frankfurt and Colombo will be operated on 30th October, while the last flight to Paris will be on 6th November. The airline said that the government of Sri Lanka has made it clear that it will no longer fund continuing losses.  “While the drop in fuel prices has contributed to the airline’s improved performance, this benefit has been significantly eroded with the airline’s revenues declining for the financial year ending 2015/16 compared to the previous year.