Jazeera Airways announces 23% YTD net profit

Jazeera Airways announces profit

Jazeera Airways Group recently announced a record year-to-date (YTD) net profit of KD14.1 million.

Jazeera Airways Group chairman, Marwan Boodai, said: “Despite the political unrest in some parts of our network for the last three quarters, we were still able to carry more passengers than last year and at higher average yields resulting in increases in most of our financial KPIs. Our YTD net profit was up 23%, our YTD revenue was up 4.4%, our YTD operating profit was up 13.1%, and our YTD flown passengers figure was up 1.2%”.Jazeera Airways operated the first three quarters of 2013 with an average load factor of 70% and with a 4.2% increase in average yield compared to the first three quarters of 2012.

The airline received a brand new Airbus A320. To date, Jazeera Airways Group has taken delivery of 13 Airbus A320s since 2005, as part of an order for 15 aircraft of the same type. The remaining two aircraft the order are scheduled to be delivered this month and in May of 2014.

YTD 2013 Highlights (IN A BOX)Revenue: KD50.8 million, up 4.4% from 2012
Operating profit: KD17.2 million, up 13.1% from 2012
Net profit: KD14.1 million, up 23% from 2012
Load factor: 70%, up 5.6% from 2012

*Percentages shown are calculated based on the absolute results, not on the displayed rounded figures.

Source: Travel Daily Media