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

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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

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    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

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