22/09/2026
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22/09/2026
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KUWAIT CITY, Sept 22: The Kuwait Aviation Fueling Company (KAFCO) recorded a remarkable achievement by expanding its operational and logistical activities beyond the country's borders. According to the Kuwait National Petroleum Company (KNPC) report for the fiscal year ending March 31, 2026, this regional expansion followed KAFCO's participation in the Arab Air Carriers Organization (AACO) tender.
It was selected to provide aircraft fueling services for Kuwait Airways at three international airports with high air traffic volume -- Colombo Airport (Sri Lanka), Salalah Airport (Oman) and Najaf Airport (Iraq). Official service and field operations commenced at the beginning of the 2026/2027 fiscal year, a vital step in strengthening the company's presence in regional and international aviation energy markets.
Domestically, the company continues to boost its partnership with government entities by signing a fixed three-year contract with the Amiri Diwan to supply fuel for the Amiri aircraft and the aircraft for state guests at Kuwait International Airport—a move that reflects the high level of confidence in the capabilities, efficiency and reliability of the company.
In a related development, the company's official operational data showed exceptional field efficiency in meeting growing domestic demand for aviation fuel. KAFCO refueled a total of 50,856 aircraft with commercial Jet A-1 fuel at Kuwait International Airport during the period, while military refueling operations using JP-8 fuel covered 693 aircraft. These integrated measures and tireless efforts underscore the success of KAFCO in solidifying its position as a trusted logistics partner supporting the national carrier in its overseas stations. Moreover, the company maintains the highest standards of quality, security, safety and operational excellence at Kuwait International Airport, while advancing the long-term developmental goals of the local oil sector.
The report indicated that KAFCO's operating expenses for the fiscal year ending March 31, 2026, reached KD24,043,925, compared to KD12,140,875 in the previous fiscal year—an increase of 98 percent. On the other hand, the aviation fuel sales volume of the company decreased to 895,203,467 liters -- 8.24 percent lower compared to the previous fiscal year. Meanwhile, the report of KNPC for the 2025/2026 fiscal year indicates that the net profits of KAFCO dropped to KD1,859,657—down from KD19,647,857 in the 2024/2025 fiscal year, a sharp decline of KD17,788,289.
An oil industry expert's analysis provided to the newspaper attributed the significant drop in net profits to the hostile attacks on the company's assets and main facility in March 2026. These attacks have had financial and operational repercussions, specifically the 98 percent surge in company expenses— KD24,043,925 compared to KD12,140,875 in the previous year—due to the exorbitant cost of managing the aftermath of the attacks and the rehabilitation efforts. Sales also declined, with aviation fuel sales dropping by 8.24 percent, which negatively affected total operating revenues, along with the effects of global energy price fluctuations over the past year.
By Najeh Bilal Al-Seyassah/Arab Times Staff
