31-Jul-2013 2:26 PM
Jazeera Airways reports 12th consecutive quarterly profit in 2Q2013
Jazeera Airways revenue up 3% - financial highlights:
- Three months ended 30-Jun-2013:
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- Operating revenue: KWD16.0 million (USD56.4 million), +3.3% year-on-year;
- Operating costs: KWD11.1 million (USD39.1 million), -2.4%;
- Operating profit: KWD4.9 million (USD17.3 million), +18.7%;
- Net profit: KWD3.9 million (USD13.7 million), +35.9%;
- Six months ended 30-Jun-2013:
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- Operating revenue: KWD30.8 million (USD108.5 million), +8.8%;
- Operating costs: KWD21.3 million (USD75.0 million), -2.6%;
- Operating profit: KWD9.5 million (USD33.5 million), +47.6%;
- Net profit: KWD7.5 million (USD26.4 million), +95.5%;
- Passenger numbers: +4.1%;
- Load factor: 70%;
- Hard assets: KWD145 million (USD510.7 million);
- Cash reserves: KWD47 million (USD165.6 million);
- Equity: KWD37 million (USD130.3 million). [more - original PR]
*Based on the average conversion rate at USD1 = KWD0.2839