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3-Aug-2017 3:47 PM

Jazeera Airways reports operating profit growth in 2Q2017 and 1H2017

Jazeera Airways reported (02-Aug-2017) the following financial highlights:

  • Three months ended 30-Jun-2017:
    • Operating revenue: KWD14.0 million (USD46.1 million), +9.5% year-on-year;
    • Operating costs: KWD11.8 million (USD38.8 million), +7.3%;
    • Operating profit: KWD2.2 million (USD7.3 million), +22.9%;
    • Net profit: KWD2.3 million (USD7.5 million), +18.1%;
    • Load factor: 73.3%, +1.5ppt;
  • Six months ended 30-Jun-2017:
    • Operating revenue: KWD24.1 million (USD78.9 million), -2.4%;
    • Operating costs: KWD22.9 million (USD75.0 million), +7.8%;
    • Operating profit: KWD1.2 million (USD3.9 million), -65.2%;
    • Net profit: KWD1.3 million (USD4.4 million), +46.0%;
    • Cash: KWD25.6 million (USD83.9 million);
    • Load factor: 72.6%, +0.3ppt. [more - original PR]

*Based on the average conversion rate at KWD1 = USD3.282753 for 2Q2017
*Based on the average conversion rate at KWD1 = USD3.27584 for 1H2017

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