However, despite this progress, the airline reported a substantial nett loss of Rs. 71.3 billion. This was mainly due to an exchange loss of Rs. 63.1 billion and finance costs totalling Rs. 51.5 billion.

During the reporting period, SriLankan Airlines has experienced growth in both passenger and cargo revenue. Passenger revenue has increased by 276%, largely driven by a 137% rise in passenger numbers.

Additionally, cargo and other revenue experienced a respectable 35% increase compared to the previous year.

In such a backdrop, in a bid to safeguard the future of SriLankan Airlines, the Government has announced plans to repay $ 510 million out of a total $ 1.2 billion worth of loans borrowed from various commercial banks and institutions.

However, total expenditure surged by 48% compared to the previous fiscal year, primarily due to increased operational activities and the negative impact of the depreciating Sri Lankan Rupee against the US Dollar.