- Last Update 2025-10-28 10:03:00
SriLankan Airlines losses for 2021-22 were Rs. 163 billion
National carrier SriLankan Airlines (the group) has recorded a net loss of Rs.163.58 billion for the 2021-2022 financial year, sharply up from Rs.49.70 billion reported in the previous financial year, according to latest available data.
However the group reported an operating profit before finance charges and exchange losses of Rs.1.69 billion for the financial year against an operating loss of Rs.8.12 billion in 2019-20.
“As the passenger demand began to return in the second half of the year, we launched a new business strategy aimed at returning the airline to profitability within twelve months period whilst restoring operational integrity. As part of this initiative, we focused our capacity deployment on the most profitable markets and added services to new high potential markets. At the same time, we continued to fulfil our duty to the economy of Sri Lanka by maintaining uninterrupted connectivity to the key inbound tourism source markets,” said airline chairman Ashok Pathirage in his annual review.
The new passenger destinations launched during the period include Frankfurt in Germany, Kathmandu in Nepal, Paris in France, Seoul in South Korea and Sydney in Australia. All these new passenger destinations have gained popularity and demand from our travellers including contributing to the increasing tourist arrivals in Sri Lanka, he said.
The national carrier has said it hopes to report operating profits for the last financial year – 2022-2023 (end March).
-
Still No Comments Posted.
- October 18, 2025 - 225 - 0
Drawing Parallels: Dr. Harini Amarasuriya and Dr. Manmohan Singh
History often has a way of repeating itself, sometimes by shaping similar personalities that seem destined to converge
- October 18, 2025 - 203 - 0
Evaluating the Gaza-Israel two-year war
The Gaza war started on October 7, 2023, following the Hamas attack on a southern Israeli border town. Some 1200 people died, while Hamas took 250 Israelis as hostages.
- October 18, 2025 - 173 - 0
Profound Appreciation of the life and legacy of General Balagalle
On his second death anniversary, we pay our deepest respect and heartfelt tribute to General Lionel Balagalle, an illustrious son of Sri Lanka, a noble soldier, and an exemplary leader whose vision, dedication, and humility have left an indelible mark on the Sri Lanka Army and our nation.
- October 19, 2025 - 160 - 0
Valvettithurai residents seek billions in war reparations over IPKF massacres
Related Articles
Major General Ruwan Wanigasooriya retires as Chief of National Intelligence
- 28/10/2025 - 3 - 0
Canadian nabbed at BIA with Hashish worth Rs.182 Million
- 28/10/2025 - 11 - 0
Top stories of the day
- 27/10/2025 - 61 - 0
Leave Comments