3-May-2012 1:40 PM
Jazeera Airways reports seventh consecutive quarterly operating profit in 1Q2012
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.