Tag Archives: Jazeera Airways

66.1% increase in 3Q 2024 net profit at KD 11.6 million, passenger numbers grow to 1.4 million 9M 2024 net profit up 8.2% to KD 14.4 million Kuwait, Jazeera Airways today announced a strong set of financial results for the third quarter of 2024, achieving a net profit of KD 11.6 million—and posting a 66.1% increase compared to the same period last year. Group operating revenue also saw growth, reaching KD 64.6 million, reflecting a 5.7% increase. Fueled by strong summer travel demand, passenger traffic grew to 1.4 million, representing a 1.8% increase from 3Q 2023, with load factors at 80.6%. The increased passenger numbers and passenger mix led to a 5.8% revenue increase at Jazeera Terminal 5 (T5). Jazeera Airways’ performance for the nine months of 2024 demonstrates continued momentum, with operating revenues climbing 2.9% to KD 163.5 million. EBIT rose by 14.5% to KD 20.7 million, while passenger traffic for the nine-month period reached 3.7 million, a 3.9% increase, with a load factor of 78.1%. Financial and Operational Highlights 3Q 2024 Operating revenue: KD 64.6 million, up 5.7% from 3Q 2023  EBIT: KD 12.7million, up 45.4% from 3Q 2023 Net profit: KD 11.6 million, up 66.1% from 3Q 2023 Passengers: 1.4 million, up 1.8% from 3Q 2023 Load factor: 80.6% 9M 2024 Operating revenue: KD 163.5 million, up 2.9% from 9M 2023 EBIT: KD 20.7 million, up 14.5% from 9M 2023 Net profit: KD 14.4 million, up 8.2% from 9M 2023 Passengers: 3.7 million, up 3.9% from 9M 2023 Load factor: 78.1% Marwan Boodai, Chairman of Jazeera Airways, said: ” Our results for the third quarter of this year reflect our unwavering commitment to enhancing connectivity through Kuwait’s …

Jazeera Airways has announced an exclusive Early Bird Offer for its customers on its booking. Starting now, passengers can save up to 30 per cent on all Jazeera Airways destinations by booking their flights 45 to 120 days in advance. This offer applies to travel across our extensive network, including destinations in the Middle East, Central and South Asia, Africa, and Europe. This offer is valid for travel until 20 March 2025.

Jazeera Airways is making travelling more exciting with Super Saturdays. With a range of discounts and special offers, you can spend a relaxed Saturday, planning where to travel for the rest of the year. Get your family and friends involved and take off on a holiday or adventure together. With a special promo code – UNLOCKJ9, Jazeera is offering enthusiastic explorers a chance to unlock new experiences and destinations every Saturday. The #UNLOCKJ9 exclusive offers will open for 24 hours only, but are valid for an extended period of travel. You only need to choose the destinations on offer, and apply the promo code to get significant savings on any number of flights. Flights can be booked on the Jazeera website, www.jazeeraairways.com or mobile application.

Robust 37.3% profit growth in 2Q 2024, with a 6.5% increase in passenger numbers Impressive 88% OTP showcasing strong operational performance Jazeera Airways is excited to announce exceptional results for the second quarter and mid-year 2024. Demonstrating remarkable resilience, Jazeera reported a net profit of KD 5.4 million for 2Q 2024, marking a robust 37.3% growth over the same period last year. Group operating revenue also saw a significant increase of 6.2%, reaching KD 52.6 million. Driven by the strong demand for summer and Hajj travel, passenger traffic soared by 6.5% to 1.1 million compared to 2Q 2023. Operating 23 aircraft to 61 destinations this quarter, Jazeera established a leading market share of 28.8% at the Kuwait International Airport. Jazeera Airways achieved an impressive On-Time Performance (OTP) of 88% for this quarter, compared to 83% in 2Q last year, demonstrating our commitment to operational excellence and enhancing our customer experience. The successful renewal of Jazeera’s IATA Operational Safety Audit (IOSA) certification also reaffirms the airline’s focus on safety and operational efficiency. Growth in passengers and an improved commercial footprint delivered 15.8% revenue increase at Jazeera Terminal 5 (T5). The mid-year results reinforce our positive trajectory, with total group revenue up by 1.1% to KD 98.9 million compared to 1H 2023. This is despite a one-time loss of KD 2.5 million due to a foreign exchange devaluation in March 2024. Passenger traffic for 1H 2024 grew by 5.3% to 2.3 million, maintaining a strong load factor of 76.6% and market leadership with a 28.8% share. T5 revenues also climbed by 14.4% to KD 6.6 million. Financial and Operational Highlights 2Q 2024 ◆      Operating revenue: KD 52.6 million, up 6.2% from 2Q …

Jazeera Airways, Kuwait’s leading low-cost carrier, has launched a new membership club for regular flyers – Jazeera Savers. The pioneering airline becomes the first Middle East based carrier to roll out such a membership program for its passengers. With Jazeera Savers, the more you fly with Jazeera Airways, the more you will save, accessing a range of discounts and benefits provided to members. Members will be entitled to: 10% discount on the base fare of tickets Free Preferred seat selection Free early check-in and baggage drop Exclusive members check-in desk in Kuwait 50% off 10 kg extra baggage rates 20% off pre-flight online Onboard Shop & J Café (excluding Duty Free) The membership is offered in four categories, making it suitable for all types of flyers: Single – for solo travelers Duo – for two people traveling together Family – for up to 5 people in a family group Family Plus – for up to 8 people in family group The Family category works well for smaller families while the Family Plus category, especially caters to extended families and domestic workers travelling together. Families travelling together will save the most with Jazeera Savers. Annual membership rates are KD 35 for Single memberships, KD 55 for Duo memberships, KD 99 for a family of 5 and KD 129 for a family of up to 8. These are special introductory rates. By signing up for a membership, passengers will benefit from significant cost savings on each trip. For example, a couple travelling to Dubai in December during the peak holiday season, would normally pay around KD 256 for return tickets, preferred seat selection, early check-in, 10 kg excess baggage and a pre-ordered …

Jazeera Airways, Kuwait leading low cost carrier, recently introduced sustainable food service ware on all flights across its network of 64 destinations. By changing from plastic cutlery to 100% biodegradable spoons, forks, knives and napkins, Jazeera reduces 300 kilograms of plastic on its flights each month. The cutlery manufactured by Dubai based Palmade is made from natural materials including leaves of the date palm trees. All of these materials are certified biodegradable and compostable. Earlier in the year,  As part of its sustainable practices, Jazeera has also switched from plastic stirrers to wooden stirrers. The airline is the first low-cost carrier in the Middle East to replace plastic in-flight food service ware with eco-friendly options. Rohit Ramachandran, Chief Executive Officer, Jazeera Airways said “As a low cost carrier, we have to be cost conscious in our business, but we are also mindful of our ethical, social and environmental accountability. In the last few years, we have taken small steps towards sustainability and continue to stay focused on reducing or offsetting our carbon emissions. Changing to biodegradable service ware is another small initiative that we are hoping will contribute to a larger impact. Our ultimate goal is to achieve net-zero emissions by 2050.” In 2021, Jazeera Airways placed an order for 28 new A320neo and A321neo aircraft, an investment in the excess of US$3.4 billion. The A320neo aircraft offer an 18% reduction in fuel burn and CO2 emissions, and cut NOx emissions and noise pollution by 50% each. For customers, Jazeera runs CHOOOSE™, a carbon offset program providing them with the option to reduce their flight’s environmental footprint by choosing to contribute to climate projects. The airline has also invested in …

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 …

Jazeera Airways, Kuwait’s leading low-cost airline recently increased the frequency of its direct from Bangalore and Hyderabad. The airline now operates 4 flights per week from Bengaluru, and 6 flights per week from Hyderabad. Previously the airline operated two and three flights a week to these popular destinations. Since launching its India operations in October 2017 with Hyderabad, Jazeera Airways has progressively expanded to serve six Indian cities. Currently, the airline offers 24 direct flights each week from India to Kuwait and other destinations. For the summer season this year, Jazeera Airways has introduced two new European destinations – Belgrade in Serbia and Tirana in Albania and will also resume flights to Prague, Czech Republic and Sarajevo, Bosnia and Herzegovina.  The airline also recently launched flights to Larnaca in Cyprus, Sphinx in Egypt, Tivat in Montenegro and Shiraz in Iran while doubling the frequency of flights to Riyadh. With over 66 destinations, including Tblisi, Istanbul, Baku and Cairo, Jazeera Airways continues to be a popular choice for travellers from India. By operating its own airport terminal, Jazeera Terminal 5 or T5, Jazeera makes transiting through Kuwait both comfortable and convenient. Flights can be booked easily through www.jazeeraairways.com , or on the Jazeera App.

Jazeera Airways, Kuwait’s leading low cost carrier, is operating direct flights from Kuwait to the Sphinx International Airport in Egypt. The airport is situated two hours away from Cairo International Airport and only an hour away from downtown. The airport offers a convenient route to other parts of Egypt including historical sites such as the Pyramids, the Great Sphinx and even the forthcoming Grand Egyptian Museum in Giza. It also connects to the popular Red Sea resorts like Sharm el-Sheikh and Hurghada. Rohit Ramachandran, Chief Executive Officer, Jazeera Airways said “We are delighted to fly to our seventh destination in Egypt, with Jazeera Airways being  first GCC carrier to operate direct to Sphinx International Airport”. “With four flights a week to this great leisure destination, we also offer a convenient and affordable travel option for tourists as well as locals. I would like to especially take this opportunity to thank the Egyptian Civil Aviation authorities for their tireless efforts to open up greater connectivity to this beautiful country. ” The two terminals at the airport handle up to 900 passengers an hour with an annual capacity of 1.2 million passengers per year. This facilitates a faster journey for arriving and departing passengers through the airport. The airport also helps reduce congestion at the Cairo Airport as well as traffic in the capital. Travelers’ can actually save up to two hours in the rush hour traffic by opting to travel through this airport. Jazeera Airways now serves a total of 66 destinations across the Middle East, Africa, Central & South Asia and Europe. Flights can be booked easily through the www.jazeeraairways.com, or on the Jazeera App.

Jazeera Airways, based in Kuwait and a leading low-cost carrier (LCC) in the Middle East, continues to support an expanding network of routes. Jazeera Airways currently flies to over 50destinations operating a reliable fleet of Airbus A320neo and A320ceo aircraft.  With the return of international travel during 2022, the airline is going forward with its expansion plans offering affordable travel across the Middle East, Central & South Asia, North Africa and Europe.  Jazeera has been established in the Indian market for five years and now has a strong pan-India presence with six destinations: Mumbai, Delhi, Ahmedabad, Hyderabad, Kochi and Chennai. Later this year two additional routes will be added to Thiruvananthapuram and Bangalore. Jazeera Airways is responding strongly also to the 2030 Vision that is driving growth in travel to Saudi Arabia. Jazeera is working closely with the Saudi Tourism Authority to support the marketing of eight routes they currently operate into the Kingdom. The growth plan constitutes of Romana Parvi, Regional Manager – South Asia engaging in showcasing knowledge about product & its offerings and exchanging business ideas by participating at various travel trade marts like TTF Ahmedabad, BLTM Delhi and OTM Mumbai. Jazeera Airways will also participate at various tradeshows in Indore, Raipur, Jaipur, Chandigarh, Mumbai, Ahmedabad, Hyderabad and Chennai and the Wedding Travel Show in Dehradun. Parvi mentioned that “The response has been positive as we’re seeing healthy load factor for forward bookings. We are continuously reviewing the opportunities in the India market and will work upon it to meet these demands.”