Ali Al-Dukhan, the chairman of Kuwait Airways, revealed today, Sunday, that the firm recorded an increase in its revenues from the start of the year until the end of the third quarter of 14% over what was anticipated.
Smoke stated today at a press conference that the firm anticipates losses of between 50 and 60 million dinars by the end of the year, down from 107 million dinars at the end of 2019.
He predicted that the business would eventually reach a position of equilibrium (balancing) in late 2024, and then gradually transition to profitability, noting that Kuwait Airways had received 18 of the 31 Airbus planes.
Kuwait Airways announced the signing of a new $ 6 billion Airbus request agreement to purchase 31 aircraft in February.
Up until the end of the third quarter, Kuwait Airways had a 14% growth in its revenue.
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