Jazeera Airways back in the black in 2021
Jazeera Airways returned to profitability for the year 2021, a period which continued to be affected by the Covid-19 pandemic and restrictions on travel, reporting a net profit of KD7.1m ($23.41m) for the year, up 126.8% from the previous year. The earnings were supported by an increase of 48.2% in the number of passengers flown, which reached 1.0m, while load factors increased by 3.9% to 66.8% and yield increased by 28.6% to KD73.9. Operating revenue for 2021 stood at KD80.4m, up 94.3%, and operating profit increased by 152.2% to KD10.8m. The airline returned to profitability in record time during the third quarter of the year following a second year impacted by restrictions and limitations in capacity imposed on travel at Kuwait International Airport, and globally, in response to the continued spread of the Covid-19 pandemic. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-02-14/unaligned/jazeera-airways-back-in-the-black-in-2021
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Jazeera Airways back in the black in 2021
Jazeera Airways returned to profitability for the year 2021, a period which continued to be affected by the Covid-19 pandemic and restrictions on travel, reporting a net profit of KD7.1m ($23.41m) for the year, up 126.8% from the previous year. The earnings were supported by an increase of 48.2% in the number of passengers flown, which reached 1.0m, while load factors increased by 3.9% to 66.8% and yield increased by 28.6% to KD73.9. Operating revenue for 2021 stood at KD80.4m, up 94.3%, and operating profit increased by 152.2% to KD10.8m. The airline returned to profitability in record time during the third quarter of the year following a second year impacted by restrictions and limitations in capacity imposed on travel at Kuwait International Airport, and globally, in response to the continued spread of the Covid-19 pandemic. <br/>
