Srilankan Airlines Reports Improved Core Performance Despite Headline Loss In 2024/25

2025-10-26 06:10:04

(MENAFN- Bangladesh Monitor)

Dhaka: 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, SriLankan Airlines recorded a loss of LKR 6,660 million, showing an improvement from the LKR 18,792 million loss reported in 2023/24 on the same basis.

The airline said the results demonstrate continued progress in its operational performance, even as exchange rate fluctuations affected the overall financial outcome.

MENAFN26102025000163011034ID1110248718

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.