The measures has been taken on the direction of the State Minister of Aviation Faizer Mustapha.
“While the airline has already achieved a significant improvement in its financial performance for the current financial year, it is of the view that these commercially driven initiatives will help the airline to further improve the financial performance in the near term while continuing to deliver affordable travel options to its customers,” the airline said in a statement.
The carrier said on the instructions of the Minister, in the medium term, the airline is also critically reviewing its entire route network, with a view to being more commercially and bottom-line focused.
The airline will reduce flights to the Mattala airport in Sri Lanka, the statement said.
“The immediate schedule changes which will see the airline rationalizing its scheduled operations to and via MRIA (Mattala) and enhancing capacity to other high demand Middle East destinations, while reducing capacity to underperforming routes such as Moscow.”
The measures translate to an annual bottom line improvement of approximately US$ 18 million, SriLankan said.