Record profit for Jazeera Airways

Victoria
By Victoria April 26, 2013 11:37

Record profit for Jazeera Airways

 

Jazeera Airways Group has announced a record net profit of KD 3.6 million for Q1 2013, making the quarter the Group’s 11th straight profitable quarter and its tenth record breaking quarter since Q3 2010.

Revenue was KD 14.7 million, up 15.7% compared to the year-ago period. The airline’s operating profit was KD 4.5 million, up 99.5%, while net profit totalled KD 3.6 million, up 229.4% compared to last year.

The number of passengers carried rose by 5% in the first quarter period, with load factor up by 15 percentage points to 70%.

Jazeera Airways Group Chairman Marwan Boodai said: “These exceptional results were generated by our airline business, which saw an increase in passenger loads and a full recovery from the three Syrian destinations that were suspended by Q4 2012”.

Victoria
By Victoria April 26, 2013 11:37
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