GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel, Tourism and Hotels

 
  Share
Dubai, UAE, August 2, 2017:  Jazeera Airways today announced its second quarter financial results, reporting an operating profit of KD2.2 million, up 22.9% from the same period last year, and a net profit of KD2.3 million, reflecting a growth of 18.1% from the same period last year. Jazeera Airways' positive results were driven by higher utilization, improved network planning, and a strong demand for travel during the quarter, which was airline's best second quarter by flown passengers since Q2 2009. 
 
Q2 2017 Financial and Operational Highlights: 
  • Operating revenue: KD14.0 million, up 9.5% from Q2 2016
  • Operating profit: KD2.2 million, up 22.9% from Q2 2016
  • Net profit: KD2.3 million, up 18.1% from Q2 2016
  • Load factor: 73.3%, up 1.5% from Q2 2016
H1 2017 Financial and Operational Highlights: 
  • Operating revenue: KD24.1 million, down 2.4% from H1 2016
  • Operating profit: KD1.2 million, down 65.2% from H1 2016
  • Net profit: KD1.3 million, down 77.3% from H1 2016
  • Load factor: 72.6%, up 0.3% from H1 2016
Jazeera Airways Chairman Marwan Boodai said, “I am pleased to report to our shareholders that we are on track towards increasing shareholder value. The company's double digit growth at both the operational level and the net level reflects this ongoing commitment.” 
 
“Our half-year results, however, were pulled down by Q1's earnings due to a host of external factors, most notably a slowing macroeconomy and the continued overcapacity on our routes. But the turn-around we saw in the airline's performance in Q2 is very encouraging and we are well-positioned to sustain this positive performance in the coming quarters on the back of a series of customer-focused initiatives that we've been announcing for the past year. Currently, our team is focused on digitizing, maximizing, and monetizing Jazeera Airways even more. Earlier this week we launched our new brand, along with a reengineered jazeeraairways.com, which now has a strong e-commerce infrastructure tasked with delivering a faster and more rewarding experience for our customers. Our team is also working hard to further optimize our route network, to increase utilization of our fleet, to add new routes in the coming quarters, and to deliver the state-of-the-art dedicated terminal at Kuwait International Airport, which we promised to launch in the first quarter of next year.”
 
H1 Business Highlights
  • Launched two new routes: Baku and Doha
  • Improved yield per passenger by 4.7% in Q2, vs Q2'16
  • Improved fleet utilization by 3.4% 
  • Strengthened the commercial team with new senior hirings in revenue management, network planning, and e-commerce operations
  • Started construction of the airline's state-of-the-art dedicated terminal at Kuwait International Airport
  • Launched a new, simplified brand, a new website



Posted by : GoDubai Editorial Team
Viewed 10919 times
Posted on : Wednesday, August 2, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Strong Demand Growth Continues in June
Next Story : Air Cargo Posts Strongest First Half-Year Growth Since 2010
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Purely Pandora Classics With a Twist
Tryano Launches Elemis
Festive Gifting Guide
New 1948 Seamaster Watches Join the Ranks
Add a festive sparkle to your eyes with Palladio Beauty
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Amp up your skincare routine with The Organic Pharmacy's new corrective serums
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Ma...
Hour Choice presents Coach Park Collection
Certina DS PH200M collection
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this f...
Tissot T-Race Marc Marquez
LACOSTE presents its new Legacy collection
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festi...
Sawalef Perfumes is now available at Mirdif City Centre
Souq.com's Biggest Ever White Friday Sale
Discovering the power of Accessorizing with Rebecca Minkoff
Introducing Nokia 3.1 Plus to the UAE
Introducing the GUESS Holiday 2018 Collection
Zoho launches its cloud accounting software in Bahrain
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Specia...
Puma Launches RS-X Toys
The Ultimate Festive Guide For Little Ones
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei w...
Puma Drops Cali in New Colorway
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jaguar F-Type Rally Cars Celebrate 70 Years of Sports Car Heritage
Superhero Color Runners Prove We Are All Unstoppable!
Audi Innovation Award Winner Announced at Dubai Design Week
Alstom delivers first Dubai metro trainset on time
XTouch New XBone Bone Conduction Headphone Brings Safe and Convenient Experience
Special Olympics Will Create a Legacy of Inclusion Through Art
Celebrate a Month-long Festive Feast at Swissôtel Al Ghurair
Mademoiselle Longchamp
Turkish Airlines reached 83.4% Load Factor in October
Win Big this Winter with UAE Exchange
Al-Futtaim Honda launches ‘The Great Escape' promotion
Roda Hotels and Resorts named front-runner and pioneer of the regions hospitalit...
Celebrated singer and songwriter Atif Aslam set to perform at BOLLYWOOD PARKS™ Dubai
Shop, Stay and Unwind at Swissôtel Al Ghurair This UAE National Day
HE Abdulla Ali Bin Zayed Al-Falasi officially opens HR Summit & Expo 2018
Huawei wins the First Place Prize of the King Khalid Responsible Competitiveness...
Ministry of Tolerance takes initiatives to promote and spread tolerance, coexist...
The Fourth Edition Of Dubai Design Week Is Now Open!
UAE nursery chain wins Global Award for Sustainability
Dragon Mart gears up for a spectacular three-day Oman National Day celebration
World Tolerance Summit gears up for its first staging
Get ready for the great outdoors with Dragon Mart's Al Bawadi Camping Market
Preciosa Lighting brings Breath of Light to the Middle East