SriLankan Airlines, the national carrier of Sri Lanka, has reported a net
loss of $525 million for the fiscal year 2020-21. The airline has
attributed the loss to the impact of the COVID-19 pandemic, which severely
impacted the global aviation industry. SriLankan Airlines’ revenue for the
fiscal year declined by 72% compared to the previous year. The airline has
been struggling financially for several years and has been dependent on
government bailouts to stay afloat. Sri Lanka’s government has announced
plans to restructure the airline and make it profitable in the long term.
loss of $525 million for the fiscal year 2020-21. The airline has
attributed the loss to the impact of the COVID-19 pandemic, which severely
impacted the global aviation industry. SriLankan Airlines’ revenue for the
fiscal year declined by 72% compared to the previous year. The airline has
been struggling financially for several years and has been dependent on
government bailouts to stay afloat. Sri Lanka’s government has announced
plans to restructure the airline and make it profitable in the long term.
