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Jazeera has largest market share on Kuwait-Beirut route; African shares up

Analysis

Jazeera Airways (-1.7%) stated (11-Dec-2010) it has continued to "capture a leading market share among all Kuwaiti airlines on the majority of routes it served" in Oct-2010, with the exception of the Kuwait-Jeddah and Kuwait-Riyadh routes, where it has lower seat-allocation restrictions compared to other Kuwaiti airlines.

Summary
  • Jazeera Airways captures leading market share among Kuwaiti airlines on most routes.
  • Exceptions include Kuwait-Jeddah and Kuwait-Riyadh routes with lower seat-allocation restrictions.
  • Jazeera Airways holds largest market share on routes like Kuwait-Beirut, Kuwait-Amman, Kuwait-Alexandria, and Kuwait-Damascus.
  • The airline also dominates on Kuwait-Istanbul, Kuwait-Sharm El Sheikh, and Kuwait-Luxor routes.
  • Jazeera Airways achieves an on-time performance of 95%, making it one of the most punctual airlines in the Middle East.
  • Other Middle Eastern airlines, such as Kuwait National Airways, Royal Jordanian, and Air Arabia, experienced a decline in share prices, while African airlines like Comair and 1time saw an increase.

Jazeera Airways continued to be the airline with largest market share on routes including the Kuwait-Beirut route (31% market share), the Kuwait-Amman route (35%), the Kuwait-Alexandria route (46%) and the Kuwait-Damascus route (43%). The carrier was also the largest operator on Kuwait-Istanbul sector (13%), Kuwait-Sharm El Sheikh route (48%) and Kuwait-Luxor route (51%). The airline also recorded an on-time performance of 95% in Oct-2010, "making it one of the most punctual airlines in the Middle East".

Middle East shares were mostly down on Friday (10-Dec-2010) with Kuwait National Airways (-1.4%), Royal Jordanian (-1.2%) and Air Arabia (-1.1%) down while African shares were mostly on the rise with Comair (+0.9%) and 1time (+1.3%) up.

Selected African and Middle Eastern airlines share price movements: (% change): 10-Dec-2010

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