Kuwait Airways reported a loss of KWD23.8 million ($82 million) for the year ended March 31, narrowed more than 40% from a KWD39.9 million loss in the 2004-05 financial year, the state Kuwait News Agency reported. Revenues rose 14.1% to KDW250.8 million while expenses climbed 5.9% to KDW274.7 million driven by increasing fuel and maintenance costs, the airline said. Chairman Sheikh Talal Mubarak Abdullah Al-Ahmad Al-Sabah told KUNA that the carrier's status as a state-owned enterprise does ...

Subscribe to Access this Entire Article

"Printer-friendly" 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.

Already registered? here.