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Saudia Airline may turn profitable in 2022 or 2023: CEO

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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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