The Rajapaksa International Airport in Mattala has incurred cumulative losses amounting to Rs. 67,765 million to date, according to newly disclosed information.
The airport recorded a net loss of Rs. 4,906 million in 2025.
Its operating expenditure during the year amounted to Rs. 2,523 million, while operating revenue stood at just Rs. 257 million.
Although the airport was designed to handle an expected annual passenger traffic of one million, only 462,191 passengers have been recorded over a period of four years, according to the disclosure.
The Airport and Aviation Services (Private) Limited has paid 183.6 million Chinese yuan in interest on foreign loans obtained to construct the airport, covering the period from 2015 to date.
The company says that it intends to identify technically feasible and commercially viable investment and development opportunities for the airport by the first half of next year.
These details have been revealed in the audit report issued for the year 2025 concerning Airport and Aviation Services (Private) Limited.