21-Jun-2011 12:49 PM

Kuwait Airways losses widen in FY2011

Kuwait Airways Chairman Hamad al-Falah stated the carrier reported a widening loss from KWD55 (USD199.7 million) to KWD76 million (USD276 million in the 12 months ended 31-Mar-2011 due to increasing maintenance and fuel costs (The Daily Star/Arabian Business/Kuwait Times, 21-Jun-2011). Details include:

  • Revenue: KWD227 million (USD824 million), n/a year-on-year;
  • Costs: KWD303 million (USD1100 million);
    • Fuel: KWD75 million (USD272 million);
    • Maintenance: KWD36 million (USD130 million);
  • Profit (loss): (USD276 million), compared to a loss of USD199.7 million in p-c-p.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More