The Business Times
business-time-50

Kuwait Airways annual revenue up 115% from 2021, says chairman

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 26, 2023 · 07:03 PM
    • Despite a 115 per cent jump in revenue from 2021, Kuwait Airways posted a net loss of 55 million dinars (S$236.33 million) for 2022. It expects to break even by the end of 2024.
    • Despite a 115 per cent jump in revenue from 2021, Kuwait Airways posted a net loss of 55 million dinars (S$236.33 million) for 2022. It expects to break even by the end of 2024. PHOTO: AIRBUS

    KUWAIT Airways’ revenue last year rose by 115 per cent from 2021 and was up 10 per cent from pre-pandemic 2019, its chairman Ali Aldokhan told a news conference on Thursday (Jan 26).

    The state carrier posted a net loss of 55 million dinars (S$236.33 million) for 2022, and still expects to break even by the end of 2024, Aldokhan said.

    The airline, like its counterparts across the globe, was hit hard by the Covid-19 pandemic.

    He added that the airline intends to operate new routes to Athens, Barcelona, Berlin, Budapest and the Saudi Arabian cities of Al-Ula, Taif and Al-Qassim in 2023. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    KuwaitAirlinesAviationCovid-19

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More