Saudia airlines eyes return to profitability by 2024, CEO says

Global airlines industry has been hit hard by the coronavirus pandemic

  
Image used for illustrative purpose. An airplane belonging to Saudi Arabian airlines waits at the gate at JFK airport as photographed on November 30, 2011 in New York City.

Image used for illustrative purpose. An airplane belonging to Saudi Arabian airlines waits at the gate at JFK airport as photographed on November 30, 2011 in New York City.

Getty Images

DUBAI: State-owned Saudi Arabian Airlines plans to return to profitability by 2024, its chief executive officer said on Monday.

Global airlines industry has been hit hard by the coronavirus pandemic, which has left many planes grounded or flying near empty.

However, Saudi Arabian Airlines was seeing domestic demand exceed capacity, CEO Ibrahim Koshy told the Arabian Travel Market in Dubai.

(Reporting by Alexander Cornwell, editing by Louise Heavens) ((Alexander.Cornwell@thomsonreuters.com;))

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