Jazeera Airways reports 1H profit up on 50% passenger increase
Jazeera Airways said revenue and profit grew in the first half of the year, helped by a 50% increase in passengers, thanks to route launches and aircraft additions. The airline said net profit rose 6.4% compared with the first half of 2017 to KD1.4m (US$4.6m). The airline flew 894,172 passengers in the first half, a 50% increase year-on-year and operating revenue rose 43% to KD34.4m. Load factor gained 2.8 points to 74.7%. Chairman Marwan Boodai said the efforts and investments throughout 2017 and 2018 are “delivering results, despite the hike in fuel prices during the first half of the year and a volatile competitive landscape that depressed yields.” The airline has added 2 Airbus A320 aircraft, of which one is an A320neo, in 2018 so far. The arrival of the A320neo opens up more distant destinations to Jazeera Airways. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-15/unaligned/jazeera-airways-reports-1h-profit-up-on-50-passenger-increase
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Jazeera Airways reports 1H profit up on 50% passenger increase
Jazeera Airways said revenue and profit grew in the first half of the year, helped by a 50% increase in passengers, thanks to route launches and aircraft additions. The airline said net profit rose 6.4% compared with the first half of 2017 to KD1.4m (US$4.6m). The airline flew 894,172 passengers in the first half, a 50% increase year-on-year and operating revenue rose 43% to KD34.4m. Load factor gained 2.8 points to 74.7%. Chairman Marwan Boodai said the efforts and investments throughout 2017 and 2018 are “delivering results, despite the hike in fuel prices during the first half of the year and a volatile competitive landscape that depressed yields.” The airline has added 2 Airbus A320 aircraft, of which one is an A320neo, in 2018 so far. The arrival of the A320neo opens up more distant destinations to Jazeera Airways. <br/>
