Wataniya Airways parent Kuwait National Airways Co. reported a KWD5.9 million ($20.4 million) loss in the first half of 2009. Wataniya launched flight operations on Jan. 24. The premium carrier posted 89% traffic growth in the second quarter against a 75% lift in capacity, it said, although "yields remain under pressure and below expectation." It will take delivery of its fourth 122-seat A320 in October and plans to begin serving Jeddah, its eighth destination, within the next month.
Subscribe to Access this Entire Article
"Wataniya parent loses $20 million in first six months" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.