Loading
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

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More