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 and Tourism

 
  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 10041 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
Cerruti 1881 Infinite Love
Express Your Signature Style
The Memovox Adventure
Oh, Sweetie Lipcolour!
Olivia Burton Watercolour Florals
Travel Light with Beauty Essentials from Glambeaute.com
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Tissot T-Race Cycling An adrenaline-fuelled ride
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
Summer Love by Mouawad
DKNY Fall 2018
Tommy Hilfiger Dressed Up Collections
Etihad Airways Celebrates President Xi Jinping's Visit With a Series of Cultural...
A New Watchmaking Encounter in Pink Gold at the Venice International Film Festival
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
Canvas on Wrist – Swatch Partners Up With Riksmuseum
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
The Maison Chaumet opens an exclusive pop-up at The Dubai Mall
An Insight Into Easyshopping.ae
Go Down Memory Lane with Fashion Trends from the '90s
From skin to comprehensive aesthetic care: a 15-year journey called Kaya Skin Clinic
Introducing Salvatore Ferragamo's Men's Sun and Optical Capsule
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
Enjoy an all-day breakfast at Sophie's Café
Dubai Camel Racing Club Honours Al Tayer Motors
Before we say Goodbye to Flamingoes and Pineapples, Celebrate Summer 2018 with k...
The wide-awake, doe-eyed look
GUESS Launches Fall 18 Handbags
Enjoy DSS 2018 Offers at Parah
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Launch of PINAR Water - Turkey
Accessing The Internet In Dubai: All You Need To Know
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Your Baby and Child Travel Essentials Covered with Five Little Ducks
Pottery Barn Kids launches new ‘Back-to-School' collection
Hyperloop Transportation Technologies to Build China's First Hyperloop System
Michelin introduces the new MICHELIN PRIMACY 4 in GCC region
Beat the Heat with these Summer Essentials
Danfoss celebrates the young engineers who participated in the EmiratesSkills Na...
PCFC and GDRFA helped 511 employees tie the knot over last 7 years
Rashid Hospital doctors save sea captain's life using a highly sophisticated pro...
6-Day SCTDA Tour Guide Training Program Conducted by SUC
Gulf region's automation industry on track for double digit growth
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...
One Day Course in Dealing with and Managing Difficult Stakeholders
Dubai Health Authority discusses collaboration with British healthcare firms.
Confidence in Follower Counts
Ensure clean and pure air in your home this summer