SriLankan Airlines posts US$135m net loss amid rising fuel costs
SriLankan Airlines recorded a net loss of US$135m between April and December 2018 despite a significant improvement in its overall performance over the 9-month period. Notable improvements were recorded in deployment of capacity, passenger and cargo revenue, market yield and unit cost. "The Year 2018 was a challenging year for the airline due to the adverse impact of rising global fuel prices, rapid depreciation of local and regional currencies and political instability. However, the airline showed great resilience by executing effective strategies to curb the impact of such adverse external environmental factors," the carrier said. During this period, SriLankan’s net traffic revenue from core airline operations increased to $746m with year-on-year growth of 8%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-19/oneworld/srilankan-airlines-posts-us-135m-net-loss-amid-rising-fuel-costs
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SriLankan Airlines posts US$135m net loss amid rising fuel costs
SriLankan Airlines recorded a net loss of US$135m between April and December 2018 despite a significant improvement in its overall performance over the 9-month period. Notable improvements were recorded in deployment of capacity, passenger and cargo revenue, market yield and unit cost. "The Year 2018 was a challenging year for the airline due to the adverse impact of rising global fuel prices, rapid depreciation of local and regional currencies and political instability. However, the airline showed great resilience by executing effective strategies to curb the impact of such adverse external environmental factors," the carrier said. During this period, SriLankan’s net traffic revenue from core airline operations increased to $746m with year-on-year growth of 8%. <br/>
