Kuwait's Jazeera Airways sees H1 net profit more than triple

Profits soar by 335.1% while the number of passengers carried by Jazeera Airways rises by 20% in the first six months of 2019
Kuwait's Jazeera Airways sees H1 net profit more than triple
By Sam Bridge
Mon 05 Aug 2019 05:13 PM

Kuwait-based Jazeera Airways on Monday reported KD6.2 million in net profit for the first half of 2019, more than triple the year-earlier figure.

Profits soared by 335.1 percent from KD1.4 million in the same period of 2018, while also posting a 20 percent growth in number of passengers to 1.1 million.

In the second quarter, the company reported KD4.8 million in net profit, up 171.2 percent and a 12 percent growth in number of passengers.

Jazeera Airways chairman, Marwan Boodai, said: “Jazeera Airways continues to perform positively as it further expands its network of destinations and grows its fleet with new three A320neo aircraft to be delivered in the second half of the year... We also launched the first ever on-board convenience store, adding more value to passengers when flying with Jazeera Airways.”

Jazeera Airways CEO, Rohit Ramachandran, added: “Our overwhelming focus on our customers by operating routes of their choice at very affordable prices, and making operational excellence as the cornerstone of our business, is the DNA of Jazeera Airways. We ruthlessly eliminate wasteful processes and cost, and pass on the benefit to our customers as lower fares.”

Jazeera Airways said it is preparing to launch new routes in the second half of 2019, starting with flights to London in October.

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