Middle East crisis and rising fuel costs deepen SriLankan Airlines' losses
Sri Lanka, Nov. 6 -- The ongoing crisis in West Asia, together with the sharp increase in fuel prices, has placed additional financial pressure on the already cash-strapped national carrier, SriLankan Airlines (SLA).
An official said authorities are currently preparing a report assessing the financial losses incurred by the airline as a direct result of the conflict.
According to the Finance Ministry's mid-year financial report, SriLankan Airlines recorded a loss before tax of Rs. 35.6 billion during the first quarter of the 2026/27 financial year.
However, the airline's unaudited management accounts show that its total revenue increased to Rs. 82.8 billion during the period, compared to Rs. 62.6 billion in the corresponding period of ...
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