SriLankan Airlines recorded a Loss of Rs. 45 Billion in 2021
Posted by Editor on June 15, 2022 - 11:45 am
SriLankan Airlines recorded a loss of Rs. 45,674 Million in 2021, revealed the latest report by the Committee on Public Enterprises (COPE).
It also revealed that while the national carrier was recording losses, a top management official was taking home a salary of Rs. 3.1 Million a month and the respective payments have been made via Cabinet Documents and Public Funds.
COPE believes that SriLankan Airlines could have prevented its losses if the additional capital injection by the Treasury in 2020 was properly executed.
Further, COPE had raised concerns over continuing to invest public funds in a loss-making national airline that continues to operate on impractical plans.
Latest Headlines in Sri Lanka
- Court of Appeal to rule on IGP Tennakoon’s arrest warrant on March 17, 2025 March 12, 2025
- Military deserter arrested for sexually assaulting doctor at Anuradhapura Hospital March 12, 2025
- Tuition teacher under investigation for student assault ignores NCPA summons March 12, 2025
- Sri Lanka maintains stance on Adani, open to investment March 12, 2025
- Doctors strike over delay in arrest of sexual assault suspect March 12, 2025
