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Jazeera Airways reports record second quarter profits in 2Q2012

1-Aug-2012 1:52 PM

Jazeera Airways revenue up 12% – financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: KWD15.6 million (USD56.0 million), +11.8% year-on-year;
    • Operating costs: KWD11.4 million (USD40.9 million), +2.5%;
    • Operating profit: KWD4.2 million (USD15.1 million), +49.2%;
    • Net profit: KWD2.6 million (USD9.3 million), +23.5%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: KWD28.3 million (USD101.5 million), +11.8%;
    • Operating costs: KWD21.8 million (USD78.2 million), +5.6%;
    • Operating profit: KWD6.4 million (USD23.0 million), +39.9%;
    • Net profit: KWD3.8 million (USD13.6 million), +21.6%;
    • Average yield: KWD48.0 (USD172.2), +18.4%. [more – original PR]

*Based on the average conversion rate at USD1 = KWD0.2787 for the period