Tag Archives: Airways

Jazeera Airways today declare financial results for the first half (1H) of 2023 with total revenues up 26.1% to KD97.85 million and operating profits of KD9.35 million. Net profit for the period was KD6.27 million compared to KD 7.38 million for the same period last year. Profits for the last year also included a “one-off” gain of KD1.73 million from the airline’s sale and lease-back of engines. With a strong demand for air travel, Jazeera’s passenger traffic showed a 40.9% increase to 2.1 million for the first half of the year. Load factors also increased by 4.1% to reach 78.1% in H1. Announcing the results, Marwan Boodai, Chairman, Jazeera Airways said: “As we share our positive results for the first half of 2023, we remain optimistic and confident of our performance. Demand for travel is high and we are pleased to see that reflected in the increased passenger traffic as well as consistent load factors. We have introduced several new and attractive destinations and look forward to launching others in the next half of the year. While doing so, we continue to focus on maximizing our operational and financial performance through different products, services, and initiatives, in the best interest of all our shareholders, partners and customers.” The Jazeera Airways Board of Directors approved an interim cash dividend of 28 fils per share, a total of KD6.16 million for H1 that reflects the company’s strong cash position. Second Quarter 2023 Review In the second quarter of the year, Jazeera considerably expanded its network by adding direct flights to Moscow, Samarkand, Larnaca, Shiraz, Belgrade, Tirana and Tivat. The airline also became the first GCC carrier to fly direct from Kuwait to …

Hahn Air announced that in the first quarter of this year it has already integrated 11 new carriers into its global network of more than 300 air, rail and shuttle partners. Of the 11 new partnerships, eight are interline agreements with carriers that are now available on the HR-169 ticket under their own designator. Among them are Nile Air (NP) from Egypt, Atlantic Airways (RC) from Faroe Islands, Yamal Airlines (YC) from Russia and Plus Ultra Lineas Areas (PU) from Spain. Hahn Air also signed its first interline agreement with a rail company, the UK-based high-speed rail operator Eurostar (9F), whose services are now available to almost all travel agents worldwide* for ticketing on Hahn Air’s HR-169 document. In addition, the Hahn Air Group welcomed two new airline partners and one new ferry partner of the consolidation service Hahn Air Systems. Pacific Coastal Airlines (8P) from Canada and SkyTaxi (TE) offering selected routes in France can now be booked under the reservation code H1 (H1-Air) while the Estonian shipping company Tallink can be booked under 5W (5W-Rail&Shuttle). Respectively, they can all be issued on HR-169 tickets. “We are especially pleased that three of our new interline partners are already using our product H1-Air”, says Steve Knackstedt, Vice President of the Airline Business Group at Hahn Air. “By making use of a dual partnership with the Hahn Air Group, TAG Airlines (5U) from Guatemala, FlySafair (FA) from South Africa and the Greek airline Sky Express (GQ) are now available on the Hahn Air ticket under their own IATA codes while at the same time, they can be issued in all major GDSs under the Hahn Air Systems code H1. This is …