Saturday , May 25 2019
Breaking News
Home / International Customs / Kuwait / Kuwait’s Jazeera Airways returns to profit in Q1
Kuwait’s Jazeera Airways returns to profit in Q1

Kuwait’s Jazeera Airways returns to profit in Q1

Kuwait-based Jazeera Airways announced a net profit of KD1.5 million and a 31.2 percent growth in number of passengers during the first quarter of 2019.

The company’s operating revenue increased by 48.4 percent to KD21.3 million, while the Q1 net profit represented a rebound from a loss made in the same period last year.

The airline flew a total of 529,640 passengers in Q1, maintaining a load factor of 76 percent.

Jazeera Airways chairman, Marwan Boodai, said: “Jazeera Airways had a positive performance in the first quarter, supported by a growing and solid network.”

Boodai added: “2019 will be another milestone year for Jazeera Airways as we prepare to launch new routes in the Middle East, Indian subcontinent and to the British capital, London.

“The airline will also take delivery of three new A320neo aircraft on order, while it continues to expand its product offer from the Jazeera Terminal.”