SriLankan Airlines Group, parent of the namesake airline and SriLankan Catering, posted a net profit of LKR862.2 million ($7.7 million) in the financial year ended March 31, marking its fifth consecutive profitable year but a 50% plunge from the prior 12-month period. The company cited a sharp downturn in Sri Lanka's tourism industry and the steep rise in the price of aviation fuel. The airline unit reported a profit of LKR568 million, an increase of 19.2% over LKR476.5 million in FY06. It ...

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