Jazeera Airways reports another record quarterly profit with yields up 45%

Jazeera Airways, Kuwait's privately owned low-cost carrier, has reported another record quarterly profit for the three months to 30-Sep-2011. The airline reported an operating profit of KWD7.5 million and a net profit of KWD6.1 million, its fifth consecutive profitable quarterly result since it launched its turn-around programme. The third quarter is the airline's peak period for business, where it usually records the majority of its profits.

The airline handled 337,629 passengers over the three-month period, generating KWD19.3 million in operating revenues, up 38% year-on-year. Load factors were "just over" 70%, stronger than other quarters but slightly lower than other LCCs in the region such as Air Arabia and flydubai.