7-Mar-2012 12:44 PM
Jazeera Airways reports record full year profits in 2011
Jazeera Airways revenue up 24% - financial highlights:
- Three months ended 31-Dec-2011:
- Revenue: KWD13.3 million (USD47.8 million), +24.3% year-on-year;
- Operating profit: KWD2.8 million, (USD10.1 million), +3.7%;
- Net profit: KWD1.3 million (USD4.7 million);
- Average yield: KWD43.8 (USD157.38);
- 12 months ended 31-Dec-2011:
- Operating revenue: KWD57.8 million (USD207.7 million), +35.7%;
- Cost: KWD42.9 million (USD154.1 million), +3.1%;
- Operating profit: KWD14.9 million (USD53.5 million), +1390%;
- Net profit: KWD10.6 million (USD38.1 million), compared to a loss of KWD2.8 million (USD10.1 million) in p-c-p;
- Passenger numbers: 1.2 million;
- Load factor: 65.2%;
- Average yield: +46%;
- 2012 forecast:
- Total fleet: 12 aircraft;
- Destinations: 18;
- Passenger numbers: 1.2 million;
- Load factor: 66%;
- 2013 forecast:
- Total fleet: 14;
- Destinations: 18;
- Passenger numbers: 1.3 million;
- Load factor: 67%;
- 2014 forecast:
- Total fleet: 15;
- Destinations: 18;
- Passenger numbers: 1.5 million;
- Load factor: 68%. [more - original PR]
*Based on the conversion rate at KWD1 = USD3.59324