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Jazeera Airways reports record full year profits in 2011

7-Mar-2012 12:44 PM

Jazeera Airways revenue up 24% – financial highlights:

  • Three months ended 31-Dec-2011:
    • Revenue: KWD13.3 million (USD47.8 million), +24.3% year-on-year;
    • Operating profit: KWD2.8 million, (USD10.1 million), +3.7%;
    • Net profit: KWD1.3 million (USD4.7 million);
    • Average yield: KWD43.8 (USD157.38);
  • 12 months ended 31-Dec-2011:
    • Operating revenue: KWD57.8 million (USD207.7 million), +35.7%;
    • Cost: KWD42.9 million (USD154.1 million), +3.1%;
    • Operating profit: KWD14.9 million (USD53.5 million), +1390%;
    • Net profit: KWD10.6 million (USD38.1 million), compared to a loss of KWD2.8 million (USD10.1 million) in p-c-p;
    • Passenger numbers: 1.2 million;
    • Load factor: 65.2%;
    • Average yield: +46%;
  • 2012 forecast:
    • Total fleet: 12 aircraft;
    • Destinations: 18;
    • Passenger numbers: 1.2 million;
    • Load factor: 66%;
  • 2013 forecast:
    • Total fleet: 14;
    • Destinations: 18;
    • Passenger numbers: 1.3 million;
    • Load factor: 67%;
  • 2014 forecast:
    • Total fleet: 15;
    • Destinations: 18;
    • Passenger numbers: 1.5 million;
    • Load factor: 68%. [more – original PR]

*Based on the conversion rate at KWD1 = USD3.59324