And then there were two: Wataniya Airways suspends operations

Kuwait’s premium focused Wataniya Airways suspended all operations on 16-Mar-2011 and there are few indications the carrier will return. The airline announced its board will now enter a process to determine the future of the company and has requested a halt to its share trading. The carrier cited its financial position, as well as the political and security situation in the Middle East region, as reasons for the decision. [1067 words]

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This report contains the following subheadings:

• A troubled niche
• Born in a volatile environment
• Intense competition
• Continued losses
• Pulling the plug

This report contains the following charts and tables:

• WTI spot price: 2008-2010
• Premium traffic: Within Middle East and to/from Africa and Europe