Kuwait Airways projects losses of USD179m; 1time to transfer to main board of JSE

Kuwait Airways projected losses of KWD52.2 million (USD179 million) in the fiscal year to Mar-2011. Revenue for the year is forecast at KWD247.3 million (USD853 million) with expenditures of KWD299.5 million (USD1.0 billion), according to the 2010/2011 Budget approved by the Kuwaiti Parliament.

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