May 12, 2023 SOURCE: AFP
Sri Lanka's airline posts $525m annual loss
Cash-strapped Sri Lanka's national airline announced a staggering $525 million annual loss on Friday.
With nearly 6,000 staff, SriLankan Airlines is the biggest and most expensive of the cash-haemorrhaging state companies that have drained the budget and compounded the worst financial crisis in Sri Lanka's history.
The bankrupt South Asian...
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