1-Nov-2013 3:22 PM

Jazeera Airways net profit up 23% in first nine months of 2013

Jazeera Airways reported (31-Oct-2013) net profit increased 23% year-on-year to KWD14.1 million (USD50 million) for the first nine months of 2013, making it the most profitable nine-month period in the airline's history. Revenue increased 4.4% to KWD50.8 million (USD180 million). Jazeera Airways Group chairman Marwan Boodai said, "Despite the political unrest in some parts of our network for the last three quarters and the holy month of Ramadan impacting this year’s summer travel trends, we were still able to carry more passengers than last year and at higher average yields resulting in increases in most of our financial KPIs." [more - original PR]