Dhaka, Oct. 26 -- SriLankan Airlines has clarified the reasons behind its reported loss for the 2024/25 financial year, noting that the decline was largely due to reduced foreign exchange gains rather than a deterioration in its underlying operations.

According to the airline, the Group posted a loss of LKR 2,735 million for the year, compared with a profit of LKR 7,925 million in 2023/24.

The company explained that the difference stemmed mainly from a significant drop in exchange gains - LKR 3,925 million in 2024/25 versus LKR 26,717 million in the previous year - arising from the revaluation of foreign currency-denominated borrowings, which benefit when the Sri Lankan rupee strengthens.

Excluding the impact of exchange rate movements...