SriLankan seeks funds as govt. finalizes restructuring plan
Bangladesh, June 3 -- The development comes as SriLankan Airlines has requested an additional LKR 10 billion in Treasury support to address mounting cash flow pressures threatening day-to-day operations.
The airline reported a loss of LKR 2.73 billion for the financial year ending March 31, 2025, reversing a profit of LKR 7.9 billion recorded the previous year.
Kodithuwakku attributed the financial strain partly to rising fuel costs following the Israel-US war against Iran. "Our operational expenditure has increased slightly; fuel costs have doubled," he said, adding that the government was closely monitoring the situation as prices may ease in the future.
He clarified that the government had not yet released the requested funds.
The...
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