Economic Update: Kuwaiti Airways Financial Performance
On Monday, Kuwaiti Airways reported a net loss of 4.176 million dinars (approximately 13.52 million dollars) for the fourth quarter of the fiscal year. This figure represents an improvement from the previous year’s loss of 7.141 million dinars.
The company’s fiscal results, shared on the Kuwait Stock Exchange, indicated a robust net profit of 10.184 million dinars in 2024, compared to 6.13 million dinars in 2023, highlighting a notable year-on-year growth in profitability.
Kuwaiti Airways attributed this significant increase in annual profits to improved operational revenues coupled with measures enhancing operational efficiency.
For additional updates and insights, subscribe to our channel on Telegram.