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.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Pegasus Airlines receives first A321neo of 100 A320 family aircraft order

Pegasus Airlines has taken delivery of its first A321neo aircraft as part of its 100 Airbus aircraft order signed in 2012, which was the single largest-ever aircraft order in Turkish civil aviation history at the time.

Turkish Aerospace to participate in Turkey’s largest aerospace and technology festival

Turkish Aerospace will participate in the second edition of Turkey’s largest aerospace and technology festival which will be held at Istanbul Ataturk Airport between September 17-22, 2019.

Joramco signs new maintenance agreement with ICBC Aviation Leasing

Joramco and ICBC Aviation Leasing, a company based in China have signed a heavy maintenance agreement to perform a redelivery check including a full paint livery for one A330 aircraft of its fleet.

Ethiopian launches ‘Feel Addis’ app

Passengers flying Ethiopian with layover between 8 and 24 hours in Addis Ababa are set to have their end-to-end layover experience transformed in a whole new way with the launch of the airline’s digitised transit package dubbed Feel

MAEAM makes a B-line for regional electric market

French start-up, Multi Access Electric Air Mobility (MAEAM), launched a new “disruptive” aircraft programme at EBACE.

Emirates SkyCargo completes five years of operations to Belgium and Norway

Life saving medication manufactured in Belgium and fresh salmon from Norway are just two of the commodities that have been transported across the world by Emirates SkyCargo.

BIDEC SK0108301019
See us at
AVMENA20 BT1309100620DIAC19_BT0509161119Dubai AS BT2006211119MEBAAMORBT2006260919BIDEC BT0108301019MEBCONBT1607240919AVAFA20BT2607050320