Loading
3-May-2012 1:40 PM

Jazeera Airways reports seventh consecutive quarterly operating profit in 1Q2012

Jazeera Airways revenue up 12% – financial highlights for three months ended 31-Mar-2012:

  • Operating revenue: KWD12.7 million (USD45.7 million), +11.8% year-on-year;
  • Operating costs: KWD10.4 million (USD37.4 million), +9.2%;
  • Operating profit: KWD2.3 million (USD8.3 million), +25.5%;
  • Net profit: KWD1.2 million (USD4.3 million), +17.8%;
  • Passenger numbers: 1.2 million;
  • Average yield: KWD43.4 (USD156.2), +20.9%;
  • Fleet: Six A320s;
  • Destinations: 19;
  • Employees: 420. [more - original PR]

*Based on the conversion rate at USD1 = KWD0.2778

The carrier is targeting a 2 ppts improvement in load factor from 66% in 2012 to 68% in 2014.

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