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Jazeera Airways reports seventh consecutive quarterly operating profit in 1Q2012

3-May-2012 1:40 PM

Jazeera Airways revenue up 12% – financial highlights for three months ended 31-Mar-2012:

  • Operating revenue: KWD12.7 million (USD45.7 million), +11.8% year-on-year;
  • Operating costs: KWD10.4 million (USD37.4 million), +9.2%;
  • Operating profit: KWD2.3 million (USD8.3 million), +25.5%;
  • Net profit: KWD1.2 million (USD4.3 million), +17.8%;
  • Passenger numbers: 1.2 million;
  • Average yield: KWD43.4 (USD156.2), +20.9%;
  • Fleet: Six A320s;
  • Destinations: 19;
  • Employees: 420. [more - original PR]

*Based on the conversion rate at USD1 = KWD0.2778

The carrier is targeting a 2 ppts improvement in load factor from 66% in 2012 to 68% in 2014.