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Airlines reduce their capacity by 53% for Sri Lanka due to problems with fund repatriation and a scarcity of jet fuel

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Airlines reduce their capacity by 53% for Sri Lanka due to problems with fund repatriation and a scarcity of jet fuel.

Airlines have lowered their air seat capacity to Sri Lanka by 53% during the previous few months due to the shortage of jet fuel and problems with funds being repatriated as a result of the foreign exchange crisis, creating yet another obstacle for the nation’s beleaguered tourism sector.

Local airline representatives have had difficulty remitting funds obtained from ticket sales owed to their principals through banking channels over the past six months, which have increased to US$ 150 million.

Another reason why airlines reduced their travel frequency was the jet fuel shortfall that surfaced in May. The Civil Aviation Authority (CAA) asked airlines to carry fuel for their return flights commencing on June 28th since the jet fuel supplies had run out.

Airlines will be compelled to dramatically reduce their frequency in Sri Lanka if the current difficult environment continues, with some even pulling out entirely.

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