Subscribe Free
in Flight Services & Support

Jazeera Airways announces 1Q 2019 earnings

Posted 25 April 2019 · Add Comment

Jazeera Airways has announced its financial and operational results for 1Q 2019, reporting a 31.2% growth in number of passengers.

 

The Company’s operating revenue increased by 48.4% to KD21.3 million, while aircraft utilisation increased by 16.6% to 13.8 hours and yield increased by 6.8% to KD37.8.

Jazeera Airways chairman, Marwan Boodai, said: “Jazeera Airways had a positive performance in the first quarter, supported by a growing and solid network that today serves an expanding customer-base, a customer-centric approach that continues to invest in innovative services that not only give choices to our customers and add value to their experience traveling with Jazeera Airways, but also create new ancillary sources of revenue, and a strong balance sheet that remains debt-free.” 

The airline operated its third full quarter from its Jazeera Terminal (T5), which carried 529,640 passengers in 1Q 2019 and registered its first quarter of profitability. Terminal 5 has four gates, three connected to boarding bridges, a duty free, restaurants, convenience stores and the recently introduced self-check-in kiosks.

In its network, Jazeera Airways grabbed a 24% market share on the Kuwait-New Delhi route which was served by two airlines in 1Q 2019. The airline also maintained strong market shares on routes serving the Indian Subcontinent and Egypt, acquiring a 35% market share on Kuwait-Alexandria, 21% on Kuwait-Cairo, 44% on Kuwait-Assiut, 44% on Kuwait-Sohag, 67% on Kuwait-Luxor, 52% on Kuwait-Lahore, 31% on Kuwait-Ahmedabad, 88% on Kuwait-Hyderabad, 21% on Kuwait-Kochi and 22% on Kuwait-Mumbai. Jazeera Airways remained the only airline to serve Tbilisi from Kuwait.

2019 Outlook 

Boodai said: “2019 will be another milestone year for Jazeera Airways as we prepare to launch new routes in the Middle East, Indian Subcontinent and to the British capital, London. The airline will also take delivery of three new A320neo aircraft on order, while it continues to expand its product offer from the Jazeera Terminal.”

Other Stories
Advertisement
Latest News

Boeing releases first sustainability report charting path to sustainable aerospace

Boeing has released its first Sustainability Report. In the report, the company shares its vision for the future of sustainable aerospace, establishes broad sustainability goals and highlights environment, social and governance

FlightPlan: Aviation recovery impacted by lack of global synchronisation

FlightPlan: C-Suite Week, hosted by Inmarsat and APEX, aired a series of ‘no holds barred’ discussions with the CEOs of Qatar Airways, AirAsia, United Airlines, TAP Air Portugal and IATA last week.

Flydubai restarts its operations to Hargeisa

Flydubai will commence a three-times weekly service to Hargeisa Egal International Airport (HGA) from 10 August.

Airbus deploys mission-critical communication solutions to help secure Hajj

Airbus has secured this years’ Hajj holy pilgrimage in Mecca with its mission-critical communication technologies in Saudi Arabia.

Capital Markets Investors predict more airline bailouts

An overwhelming majority (81%) of capital markets investors expect to see more government support to ensure the survival of regional airlines as carriers struggle to survive the prolonged collapse in demand for air travel resulting

Emirates launches new passenger service to Miami

Emirates is connecting global business and leisure travellers with it's first-ever passenger service between Dubai and Miami.

WDS SK2601090322
See us at
Aviation Africa 2021 BTOCDAS21_BTAviation MENA 2022World Defence Show 2022