The loss incurred by Sri Lankan Airlines decreased to 4.4 billion rupees during the nine months ending December 2022, according to the annual report of the Central Bank of Sri Lanka.
During the same period of the year 2021, Sri Lankan Airlines recorded a loss of 15.6 billion rupees. But in the last month of 2022, the loss has been limited to 4.4 billion rupees, according to the Central Bank report.
During this period, the revenue of Sri Lankan Airlines recorded a significant growth rate of 222.9 per cent. Operating expenses increased by 176.0 per cent.
Due to the aggravation of aeroplane fuel shortages, a lack of fuel for refuelling aeroplanes, and airlines refuelling through other stops overseas, the operating cost had increased excessively.
However, it is further stated in the Central Bank report that the State-Owned Enterprises Restructuring Unit established in the Ministry of Financial, Economic Stabilization, and National Policy has been assigned to make recommendations related to the restructuring of Sri Lankan Airlines.
