Jazeera Airways announces $33m net profit for 2024

Jazeera Airways has announced its financial results for 2024, reporting a net profit of KD10.2m ($33m), a significant 66.2% increase compared to the previous year. The airline’s operating revenue rose by 5.3% to KD208.6m, while EBIT surged by 46.8% to KD17.3m. Passenger numbers continued their upward trend, demonstrating the most active year on record - exceeding 4.9m—an increase of 5.1% from 2023, supported by a strong summer travel demand. The airline also achieved a load factor of 78.4%, reflecting high seat occupancy. In Q4 2024, group operating revenue climbed 15% to KD 45.1m, with quarterly losses reduced by 41.1% to KD 4.2m, compared to KD 7.14m in Q4 2023. This was mainly driven by improved revenues and measures implemented to increase operating efficiency. Jazeera Airways Board of Directors recommended a dividend distribution of 40 fils per share.<br/>