Kuwait Airways launches ambitious transformation plan for future growth
The company's aircraft fleet will expand to 39 aircraft within the next three years, with the addition of 11 new aircraft and the retirement of some charter aircraft
• Kuwait Airways boasts a fleet of 32 state-of-the-art aircraft, comprising various models from Airbus and Boeing, equipped with cutting-edge technology and modern systems
Captain Abdulmohsen Al-Faqan, the Chairman of Kuwait Airways Company’s Board of Directors, has heralded a transformative phase as the airline embarks on a comprehensive overhaul of its system and fleet. This ambitious initiative entails diversifying services and expanding its network, aligning with the company’s vision and aspirations for future growth. This strategic endeavor aims to not only keep pace with cutting-edge aviation technologies but also enhance operational efficiency, positioning Kuwait Airways among the forefront of global airlines.
Al-Faqan revealed during the press conference, held to unveil the company’s logo in celebration of its 70th anniversary, that Kuwait Airways boasts a fleet of 32 state-of-the-art aircraft, comprising various models from Airbus and Boeing, equipped with cutting-edge technology and modern systems.
The airline has expanded its network to approximately 50 global destinations, operating numerous daily flights from Terminal 4. He emphasized that the company’s aircraft fleet will expand to 39 aircraft within the next three years, with the addition of 11 new aircraft and the retirement of some charter aircraft. Additionally, with the introduction of the new airport and future plans, there will be a fresh perspective aligned with market demands.
He further stated, “With a dedicated, experienced, and skilled workforce comprising approximately 7,000 employees worldwide, Kuwait Airways is committed to achieving the highest standards of quality service for its customers and enhancing the operational system within the country, in accordance with the latest advancements in the commercial air transport sector.”
New ticket pricing
Al-Fafaan affirmed that the company is anticipating the conclusion of a comprehensive study on ticket pricing, highlighting that a specialized committee is diligently working on this task. Their objective is to devise a new pricing policy that considers the competitive landscape within the region.
He elaborated on the company’s recent success in overcoming flight delays, surpassing numerous global and regional airlines. Despite the surge in flight traffic coinciding with national holidays, Kuwait Airways achieved an impressive punctuality rate of 100%.
He further commented, “Recent reports from civil aviation indicate a notable 25% increase in flight volume over the past month, accompanied by a remarkable 21% rise in the number of passengers for the company. Looking ahead, we anticipate significant advancements in operational efficiency and financial performance, with a focus on revenue growth and minimizing losses.”
Break-even point
When asked about Kuwait Airways’ projected timeline to achieve break-even between profits and losses by 2025, he expressed optimism about reaching this milestone. However, he noted that this achievement may vary depending on market fluctuations, emphasizing that it’s contingent upon market data evaluation. He expressed hope for sustained recovery in the aviation market without setbacks, which is crucial for meeting the breakeven target on schedule.
Regarding the impact of the Gaza conflict on the company, Al-Faqaan noted that initially, the war affected the entire region, not just Kuwaiti Airlines. However, he stated that operations gradually returned to normal, with a resurgence in travel to destinations surrounding the region.
Fuel subsidy
Regarding fuel subsidies, Al-Faqan stated, “For all airline operators, fluctuating fuel prices are a significant concern. However, as a national carrier, we are fortunate to have the support of our political leadership. We are proud of this support and express our gratitude. We are committed to continuing this approach.”
Rehabilitation of a new generation
Captain Abdul Hamid Al-Ali, the director of the operations department at the company, stated that they are actively collaborating with higher education institutions to facilitate the enrollment of Kuwaiti students in aviation studies. This initiative aims to groom a new generation of Kuwaiti pilots. He highlighted that Kuwait is in the final stages of establishing a regional training center, which will mark a significant milestone in training and preparing national talent to efficiently assume roles within the company.
Recruitment drive
Mr. Abdullah Al-Habib, Director of the Engineering Department at Kuwait Airways, affirmed that the company is gearing up to revitalize its engineering department in the near future. They are actively seeking to recruit national talents to join the national carrier, aiming to play a pivotal role in its advancement in the upcoming period.
He highlighted that the company’s passenger services are continuously evolving, with ongoing efforts to enhance the onboard internet service. Currently, they are working on implementing a coupon-based system for certain tickets, granting passengers the freedom to access the internet for three hours per coupon.
