Kuwait Airways registered a $101 million loss over the nine months to end of March, reported Reuters, and is projecting a similar shortfall for the new fiscal year.
KAC is burdened by high debts from re-equipping of its fleet after the Gulf crisis, and has promised to cut costs.
It is also considering spinning off its shorthaul routes to create a new regional airline, though this is still at the planning stage – Albawaba.com
