Jazeera Airways reports net profit of $7.48 million in March quarter

Jazeera Airways recorded a net profit of $7.48 million in Q1 of 2023 as compared to KD3.8 million in Q1 of 2022. Total revenue for the quarter reached KD48.3 million, up 35.2%, while operating profit was at KD3.62 million. The airline reported passenger traffic of 1.1 million with a load factor of 82.1%. The passenger traffic increased by 56.1% while the load factor rose by 6.9% as compared to Q1 of 2022. Marwan Boodai, Chairman, Jazeera Airways said: “2023 has started off on a positive note for Jazeera Airways. Despite fuel prices putting pressure on margins for the first quarter,