SriLankan Airlines eye Gulf acquisition after recording profit

SriLankan Airlines after returning to profit for the first time in 15 years is considering the possibility of being acquired by Gulf-based airlines after its anticipated privatization, reports The National. Despite the operating profit, the airline still reported a net loss, primarily due to the devaluation of Sri Lanka’s currency in 2022. SriLankan Airlines achieved a significant milestone by recording an operating profit of $5.1 million in FY22, marking the first time in 15 years that the airline has turned an operating profit. This improvement is in sharp contrast to the previous year’s loss of $25 million. “This is a