Saudi Airlines Catering erases $90m in losses as flight operations resume

Saudi Airlines Catering Co. was back to profit in 2021 as flight operations resumed in the Kingdom following pandemic suspension.

The flights recovery led to a 30-percent jump in sales to SR1.2 billion ($323 million), the company that provides meals on Saudia flights, said in a bourse filing.

Its profits reached SR14 million in 2021 after the Jeddah-based firm recovered from a net loss amounting to SR335 million a year earlier.

“Despite the challenges of the pandemic, Saudi Airlines Catering Co. continues to implement various initiatives to improve the operational efficiency and optimize the costs,” the company said.