Sri Lanka, Oct. 27 -- SriLankan Airlines wishes to clarify recent reports concerning the airline's financial performance for the financial year 2024/25.
The Group reported a loss of LKR 2,735 million in 2024/25, compared to a profit of LKR 7,925 million in 2023/24. This variance was primarily due to a reduced exchange gain of LKR 3,925 million in 2024/25, compared with the previous year's exchange gain of LKR 26,717 million.
This exchange gain arises from the revaluation of foreign currency denominated interest-bearing liabilities, where an appreciation of the rupee results in a gain. Excluding the exchange gain, the Group loss for 2024/25 amounted to LKR 6,660 million, compared to a loss of LKR 18,792 million in 2023/24 prior to accounti...