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 trade fair in Dubai.
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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 percent recovered from pre-pandemic levels.
The company has also secured funding for 73 new aircraft, Koshy added.
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