Jazeera Airways operating profit up 392% in 1H2019

Jazeera Airways reported (05-Aug-2019) the following financial highlights:

• Three months ended Jun-2019:
  • Operating revenue: KWD26.0 million (USD85.5 million), +29.5% year-on-year;
    
    • ecommerce sales: +10.3%;
    • Ancillary revenue: +18.5%;
  • Operating expense: KWD21.2 million (USD69.7 million), +15.7%;
  • Operating profit: KWD4.8 million (USD15.9 million), +170%;
  • Net profit: KWD4.7 million (USD15.6 million), +171%;
• Six months ended Jun-2019:
  • Operating revenue: KWD47.3 million (USD156.0 million), +37.4%;
  • Operating profit: KWD6.6 million (USD21.8 million), +392%;
  • Net profit: KWD6.2 million (USD20.4 million), +335%;
  • Total assets: KWD119.3 million (USD393.4 million);
    • Cash: KWD12.7 million (USD41.9 million);
  • Total liabilities: KWD88.0 million (USD290.3 million). [more - original PR] [more - original PR - II]

*Based on the average conversion rate at KWD1 = USD3.2875 for the three months ended Jun-2019
**Based on the average conversion rate at KWD1 = USD3.2976 for the six months ended Jun-2019