Kuwait Airways annual revenue up 115 percent from 2021

Middle East
26-01-2023 | 09:32
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Kuwait Airways annual revenue up 115 percent from 2021
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Kuwait Airways annual revenue up 115 percent from 2021

Kuwait Airways' revenue last year rose by 115 percent from 2021 and was up 10 percent from pre-pandemic 2019, Chairman Ali Aldokhan told a news conference on Thursday.

The state carrier posted a net loss of 55 million dinars ($180.3 million) for 2022 and still expects to break even by the end of 2024, Aldokhan said without disclosing a figure for 2021.

Kuwait Airways posted a net loss of 107 million dinars in 2019.

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

Middle East

Kuwait

Airways

Annual

Revenue

Growth

Airline

New

Routes

Athens

Barcelona

Berlin

Budapest

Saudi Arabia

Al-Ula

Taif

Al-Qassim

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