• UN Tourism Members advance agenda for Europe as region leads global recovery
  • Sustainable tourism market to grow at 14% CAGR by 2032
  • UN Tourism launches investment guidelines for Albania
  • 'UAE, Egypt, Vietnam popular among Indian solo travellers'
  • Oman Air mulls single aircraft-type operating model
  • Etihad Airways adds Al Qassim to its route network

Saudia may turn profitable in 2022 or 2023: CEO

State-owned Saudi Arabian Airlines (Saudia) could return to profitability this year or next, CEO Ibrahim Koshy said on Monday at the Arabian Travel Market in Dubai.

This is earlier than the company’s previous expectation of a returning to profitability in 2024, Koshy said, adding that travel has picked up faster than anticipated and is 83% recovered from pre-pandemic levels.

The company has also secured funding for 73 new aircraft, Koshy added. (Source: Reuters)


Read Previous

Domestic air passenger traffic logs estimated 83% growth in April: ICRA

Read Next

flydubai showcases its new Business Class seat at ATM

Download Magazine