SriLankan loses Rs.40bn in 9 months

24 January 2019 10:43 am Views - {{hitsCtrl.values.hits}} 6 Bookmark

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The losses at the national carrier, SriLankan Airlines, widened during the nine months ended December 31, 2018, despite the gains at the top line level, due to currency depreciation and higher oil prices, the airline said yesterday in a statement.

SriLankan said the net loss for the months was Rs.40 billion (approx. US $ 135 million), against a net loss of Rs.11 billion (approx. US $ 66 million) reported for the same period, last year.

The airline said the net revenue from the airline’s core operations increased to Rs.120 billion (US $ 746 million), a growth of 8 percent from a year ago.

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Comments - 6

kakopappa Thursday, 24 January 2019 10:53 AM

I think the goal should be to make it break even now...

1 7

Reck Thursday, 24 January 2019 10:54 AM

What has happened to the committee appointed for RECOMMENDATION to be submitted within 2 weeks ?

1 6

channa Thursday, 24 January 2019 10:57 AM

loss of over 1million (Rs. 1,397,624) per day.

1 7

Arnold Thursday, 24 January 2019 02:06 PM

They should close down the airline. We work so hard and pay taxes which are wasted like this by useless people.

2 11

TheoryPlotter Thursday, 24 January 2019 02:12 PM

Somebody please give the leadership to Harry Jayawardana. Apparently it was doing well when it was under him.

2 8

Islander Friday, 25 January 2019 11:36 AM

And we all blamed RW's government of '01- '04 for privatizing this.. sigh...

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