SriLankan Airlines reported a LKR4.9 billion ($45.4 million) profit in the fiscal year ended March 31, more than five times the LKR862 million posted in the prior year, according to press reports. Profit was driven by a LKR5.48 billion gain from a sale/leaseback transaction involving three A340s. Full-year revenue climbed 15.9% to LKR80 billion. Operating loss was LKR588 million as fuel costs soared 28% year-over-year. The airline business lost LKR6.1 billion, but the company made money with ...

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