Jazeera Airways reports best first quarter results in 2011

Jazeera Airways revenue up 23% - financial highlights for the three months ended 31-Mar-2011:

• Operating revenue: USD41.5 million, +22.6% year-on-year;
• Operating costs: USD35.0 million, -23.8%;
• Operating profit: USD6.6 million, compared with a loss of USD12.0 million in p-c-p;
• Net profit: USD4.0 million, compared with a loss of USD16.4 million in p-c-p;
• Passenger numbers: 265,057,
• Load factor: 64%, n/a;
• Average yield: USD130.81, +40.8%;
• 2Q2011 forecast: Outlook updated from mild to slow;
• 3Q2011: Increased demand;
• 4Q2011: Mild. [more]

* Based on the conversion rate KWD1 = USD3.64365