22-Mar-2010 5:11 PM
Wataniya reports widening losses for FY2009; Comair’s Kulula ordered to remove advert
Analysis
Kuwait National Airways (-3.7%) declined after Wataniya Airways reported a widened loss of USD37.8 million in 2009, compared to a loss of USD5.4 million in 2008. Shareholders equity fell from USD219 million in 2008 to USD182.3 million in 2009.
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