Saudi Arabian posts losses, discounts fares

The privatisation of Saudi Arabian Airlines has suffered a setback, with the carrier unveiling a loss of SAR1.8 billion (USD479 million) in 2008. The result was attributed to higher fuel costs and approximately 3.6 million ‘no-show’ passengers (including 2.3 million domestic passengers and 1.2 million international passengers) who change their travel plans without informing the airline. [552 words]

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This report contains the following subheadings:

• Deeper discounts in Feb-09 and some network cuts
• Extends B747-300 leases

This report contains the following charts and tables:

• Saudi Arabian Airlines Middle East destination map
• Saudi Arabian Airlines' fleet: Feb-09
• Saudi Arabian Airlines' aircraft deliveries schedule: 2009 to 2013