Jazeera posts 2018 net profit gain as passenger numbers rise
Boosted by a sharp increase in passengers, Jazeera Airways posted a 2018 net profit of KD8.7m (US$28.6m), up 5.7% compared to a net income of KD8.2m in 2017. The airline carried 2m passengers in 2018, a 42.8% increase year-over-year, and load factor was up 1.3 points to 75.2%. Operating revenue rose 45.5% YOY to KD82.4m compared to KD56.6m in the previous year. Fuel prices climbed 30% YOY, with Brent crude reaching a peak of $86 per barrel, the airline said. The carrier said it also faced stiff competition in the region. “Jazeera Airways remained resilient despite these challenges and maintained zero debt by year end,” chairman Marwan Boodai said. Jazeera added 7 destinations in 2018 to serve a growing customer base, especially in the Indian subcontinent. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-22/unaligned/jazeera-posts-2018-net-profit-gain-as-passenger-numbers-rise
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Jazeera posts 2018 net profit gain as passenger numbers rise
Boosted by a sharp increase in passengers, Jazeera Airways posted a 2018 net profit of KD8.7m (US$28.6m), up 5.7% compared to a net income of KD8.2m in 2017. The airline carried 2m passengers in 2018, a 42.8% increase year-over-year, and load factor was up 1.3 points to 75.2%. Operating revenue rose 45.5% YOY to KD82.4m compared to KD56.6m in the previous year. Fuel prices climbed 30% YOY, with Brent crude reaching a peak of $86 per barrel, the airline said. The carrier said it also faced stiff competition in the region. “Jazeera Airways remained resilient despite these challenges and maintained zero debt by year end,” chairman Marwan Boodai said. Jazeera added 7 destinations in 2018 to serve a growing customer base, especially in the Indian subcontinent. <br/>
