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And then there were two: Wataniya Airways suspends operations

31-Mar-2011

Kuwait’s premium focused Wataniya Airways suspended all operations on 16-Mar-2011 and there are few indications the carrier will return. The airline announced its board will now enter a process to determine the future of the company and has requested a halt to its share trading. The carrier cited its financial position, as well as the political and security situation in the Middle East region, as reasons for the decision. [1067 words]

Unlock the following content in this report:

Subheadings:

  • A troubled niche
  • Born in a volatile environment
  • Intense competition
  • Continued losses
  • Pulling the plug

Graphs and data:

  • WTI spot price: 2008-2010
  • Premium traffic: Within Middle East and to/from Africa and Europe
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