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Jazeera Airways reports 12th consecutive quarterly profit in 2Q2013

31-Jul-2013 2:26 PM

Jazeera Airways revenue up 3% – financial highlights:

  • Three months ended 30-Jun-2013:
    • Operating revenue: KWD16.0 million (USD56.4 million), +3.3% year-on-year;
    • Operating costs: KWD11.1 million (USD39.1 million), -2.4%;
    • Operating profit: KWD4.9 million (USD17.3 million), +18.7%;
    • Net profit: KWD3.9 million (USD13.7 million), +35.9%;
  • Six months ended 30-Jun-2013:
    • Operating revenue: KWD30.8 million (USD108.5 million), +8.8%;
    • Operating costs: KWD21.3 million (USD75.0 million), -2.6%;
    • Operating profit: KWD9.5 million (USD33.5 million), +47.6%;
    • Net profit: KWD7.5 million (USD26.4 million), +95.5%;
    • Passenger numbers: +4.1%;
    • Load factor: 70%;
    • Hard assets: KWD145 million (USD510.7 million);
    • Cash reserves: KWD47 million (USD165.6 million);
    • Equity: KWD37 million (USD130.3 million). [more - original PR]

*Based on the average conversion rate at USD1 = KWD0.2839