West Asian crisis lands cash strapped SriLankan Airlines in further turbulence
Sri Lanka, Nov. 6 -- The West Asian crisis, coupled with the resulting surge in fuel prices, has placed the cash-strapped national carrier, SriLankan Airlines (SLA), under further strain, with the authorities compiling a report on financial losses caused by the conflict alone, an official said.
The company recorded a loss before tax of Rs. 35.6 billion during the first quarter of the 2026/27 financial year, according to the mid-year financial report submitted by the Finance Ministry.
According to the unaudited management accounts submitted by the company, total revenue during the period amounted to Rs. 82.8 billion, compared to Rs. 62.6 billion in the corresponding period of 2025/26.
During the period under review, the escalation of t...
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