Latest news with #KuwaitAirwaysCorporation
Gulf Insider
6 days ago
- Business
- Gulf Insider
Kuwait Airways Faces Challenges Waits for Airbus Delivery
Kuwait Airways' plans of growing passenger numbers to 5.5 million in 2025 from more than 4 million last year faces difficulties due to delayed aircraft deliveries and geopolitical pressure in the region. Kuwait Airways Corporation (KAC) Chairperson Abdulmohsen Al-Fagaan said on Monday that the airline is scheduled to receive a new plane, an Airbus-321, at the end of August and AN A-330-900 aircraft by the end of the year, but that is far short of the nine aircraft it has been waiting to receive from Airbus. Reuters reported that Kuwait Airways has 27 jets now, and expects to reach 30 by the end of 2025, with the rest due in 2027. Al-Fagaan said the airlines' plans had been based on having 33 aircraft in 2024, whereas at one point it had just 23, having also had to return leased planes. That, Al-Fagaan said, would affect the company's plan to grow. The airline did not disclose 2024's profit during a press conference following the airline's annual general meeting. Al-Fagaan said political challenges disrupting the region's aviation industry and other issues related to some countries it serves, would also delay the carrier's 2025 break-even target. Al-Fagaan added that the board is seeking to develop KAC's operations further and said it would offer top services and present innovative solutions to meet the clients' demands. Also read: Kuwait Unveils Four-Tier Visa System To Boost Tourism
Arabian Business
7 days ago
- Business
- Arabian Business
Kuwait Airways faces challenges as it waits for Airbus delivery
Kuwait Airways' plans of growing passenger numbers to 5.5 million in 2025 from more than 4 million last year faces difficulties due to delayed aircraft deliveries and geopolitical pressure in the region. Kuwait Airways Corporation (KAC) Chairperson Abdulmohsen Al-Fagaan said on Monday that the airline is scheduled to receive a new plane, an Airbus-321, at the end of August and AN A-330-900 aircraft by the end of the year, but that is far short of the nine aircraft it has been waiting to receive from Airbus. Reuters reported that Kuwait Airways has 27 jets now, and expects to reach 30 by the end of 2025, with the rest due in 2027. Al-Fagaan said the airlines' plans had been based on having 33 aircraft in 2024, whereas at one point it had just 23, having also had to return leased planes. That, Al-Fagaan said, would affect the company's plan to grow. The airline did not disclose 2024's profit during a press conference following the airline's annual general meeting. Al-Fagaan said political challenges disrupting the region's aviation industry and other issues related to some countries it serves, would also delay the carrier's 2025 break-even target. Al-Fagaan added that the board is seeking to develop KAC's operations further and said it would offer top services and present innovative solutions to meet the clients' demands.
Kuwait Times
26-07-2025
- Business
- Kuwait Times
Kuwait Airways reports six pct increase in Q2-‘25 revenues
KUWAIT: Kuwait Airways announced on Friday achieving revenues of USD 324 million in the second quarter of 2025, marking a six percent increase compared to the first quarter. Kuwait Airways Corporation reported operating revenues of USD 285 million in the second quarter of 2025, reflecting a 14 percent increase compared to the first quarter, according to a statement on its official X platform account. The company added that operating expenses declined by USD 19.4 million, representing a 20 percent reduction over the same period. It also noted that the number of departure flights reached 7,063 during second quarter of 2025, marking a nine percent increase compared to the previous quarter, while the total number of passengers transported reached one million. — KUNA
