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SriLankan Airlines has sought Civil Aviation Authority approval to raise outbound airfares by US$ 5 per sector.
The airline has sought the increase, as fuel prices have shot up by 10 percent to 12 percent over the past three-months due to Middle East tension.
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rnldblquote This is not a decision we took on our own. We met representatives from all airlines before taking a decision to raise airfares, dblquote SriLankan Airlines CEO, Peter Hill said in an interview.

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rnOther international carriers have also submitted similar requests to their respective governments to allow a fuel surcharge.rn

rnSriLankan has factored a rise in fuel prices to its costs. But Hill says, costs have shot up and continue to head upwards.

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rnAirfares are also likely to go up further as worldwide insurers have hinted on raising insurance premiums in the event of a Gulf war.rn

rnFollowing the July 24 attack and 9/11, insurance premiums for the national carrier have yet to come down by substantial levels.rn

rnSriLa

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