Kuwait Airways losses could exceed $180 over two years

06 December 2007
Losses at Kuwait Airways (KAC) could exceed KD50m ($184m) over the next two years unless the company is privatised, according to the airline’s director-general.

Barrak Al-Sabeeh, recently appointed as director-general of Kuwait’s national airline, says losses will worsen at the carrier unless the planned privatisation bill is passed by parliament and the business is run as a commercial enterprise. The airline has made a loss in 15 of the last 16 years.

Al-Sabeeh says one of the major causes of the losses is the excessive number of flight attendants on each KAC flight compared to its competitors. He added that the airline could return a profit from its operations but that unnecessary costs were undermining the company’s financial structure.

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