Sri Lanka is recovering from the tragic incident took place on Easter Sunday as Sri Lankan government and military forces took control over the situation. Aftermath of this unfortunate incident has vastly impacted on tourism sector witnessing 1.5 Billion revenue loss for the year 2019 and other various sectors. High security measures are imposed all around the island and in significant places such as port, airport, religious premises, schools etc. Current market is slow with the decreased volumes of transshipments. It’s been anticipated that following week will stabilize the uncertainty of the economy and the nation as a whole.
- Corporate Sector: Government & Private institutions operates in regular routine without any obstacles
- Port & Customs Status: Functions as usual, additional security measures are in place, clearance process is lightly time consuming as all the Vehicles are required to go through security checks before entering and leaving the zone.
- Airport Status: With high security measures imposed, airport operations are executed normally. Firmly instructed to handover cargo within the given time period as delay handing over cargo is prohibited.
- Carrier Updates: Commencing from 1st of May various airlines implemented few flight frequency changers due to lack of passengers; Cathay Pacific airways cancelled 06 flights, Qatar Airways downgraded number of flights also China Eastern, China Southern and Air china has decided to cancel flights. Due to renovation in Dubai Airport Emirates reduced one flight per day.
- Rates: Very Competitive and with arise of lack of capacity, airlines tend to demand more. Therefore we anticipate an increase of rates in upcoming weeks. EK will be increasing FEC charge from 13th May 2019.