Kuwait Airways annual revenue up 115% from 2021, says chairman

A Kuwait Airways plane is parked at Cairo International Airport
FILE PHOTO-A Kuwait Airways plane parked at Cairo International Airport is pictured through the window of an airplane on a flight between Cairo and Doha, Egypt, November 27, 2021. REUTERS/Amr Abdallah Dalsh

KUWAIT, Jan 26 (Reuters) - Kuwait Airways' revenue last year rose by 115% from 2021 and was up 10% from pre-pandemic 2019, Chairman Ali Aldokhan told a news conference on Thursday.

The state carrier posted a net loss of 55 million dinars ($180.3 million) for 2022 and still expects to break even by the end of 2024, Aldokhan said without disclosing a figure for 2021.

Kuwait Airways posted a net loss of 107 million dinars in 2019.

The airline, like its counterparts across the globe, was hit hard by the COVID-19 pandemic.

He added that the airline intends to operate new routes to Athens, Barcelona, Berlin, Budapest and the Saudi Arabian cities of Al-Ula, Taif and Al-Qassim in 2023.

($1 = 0.3051 Kuwaiti dinars)

Reporting by Ahmed Hagagy in Kuwait; Writing by Yousef Saba and Clauda Tanios in Dubai; Editing by David Goodman

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