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Kuwait Airways forecasts USD66.3m losses in 2015
(MENAFN) Kuwait Airways predicts to generate a profit over the next two to three years, upon its goal to reduce costs and enhance the operational efficiency.
The airline projects an USD66.3 in losses million for the current year as opposed to the higher USD109 billion reported in 2014, which reflects its positive forecast.
Additionally, the Kuwait's government has approved plans to privatize the airline, thus 20 percent of the airline's shares would be offered to Kuwaiti citizens.
The parliament is expected to pass this plan in the next few months; all in all, the available data and figures suggest a steady and healthy uplift for the airline.
The airline projects an USD66.3 in losses million for the current year as opposed to the higher USD109 billion reported in 2014, which reflects its positive forecast.
Additionally, the Kuwait's government has approved plans to privatize the airline, thus 20 percent of the airline's shares would be offered to Kuwaiti citizens.
The parliament is expected to pass this plan in the next few months; all in all, the available data and figures suggest a steady and healthy uplift for the airline.
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