The state-owned ailing airline declared a loss of 8.4 billion LKR over the 2024/2025 financial year, requiring an extra allocation of nearly 30 billion LKR to keep it afloat.
With the loss of 8.4 billion LKR, accumulated losses totalled 615 billion LKR, compared to equity of 213.2 billion LKR, indicating a serious loss in capital.
Taxpayers injected 9.8 billion rupees into the airline, and another 20 billion LKR in taxpayer funds were allocated in the current government budget to keep it afloat.
Earlier this month, A Sri Lankan Airlines Airbus A320 suffered multiple system failures of key instruments during a flight from Colombo to Singapore, forcing an emergency landing in Medan, Indonesia, after declaring a mayday to air traffic controllers.
The incident, which is being declared as 'serious' by the Sri Lankan Civil Aviation Authority (CAA), highlights poor maintenance procedures by the financially restricted airlines. The plane is reported to have been dispatched from Colombo with a faulty pitot heater, which is an anti-icing device required for specialist equipment that measures air speed.
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