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Wataniya Airways expects to break even by 2011

19-May-2009

Wataniya commenced operations as a premium service airline in Jan-2009 and expects to break even by 2011. According to the carrier’s CEO, George Cooper, the airline’s three-year business plan, ending in 2011, aims for Wataniya to break even by the end of the plan. Mr Cooper states he is “reasonably optimistic” profits can be achieved by this time “against the fairly cautious budget.” [726 words]

Unlock the following content in this report:

Subheadings:

  • Continues with regional expansion plans
  • Appoints new Chief Commercial Officer

Graphs and data:

  • Kuwait National Airways financial highlights for the 12 months ended 31-Dec-08
  • Kuwait-Amman Capacity and Frequency share by carrier: Week commencing 11-May-09
  • Kuwait-Damascus Capacity and Frequency share by carrier: Week commencing 11-May-09
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