Tag Archives: Kuwait

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 …

After launching its maiden overseas services to Doha this month, Akasa Air, CEO, Vinay Dube plans to start flights to Kuwait, Riyadh and Jeddah by the end of October this year. Stressing that Akasa Air is “financially solid,” Dube said the airline aims to be among the world’s top 30 by 2030. In the summer schedule that spans from March 31 to October 26 this year, the airline will increase its weekly domestic departures by 14.30 per cent to 903.

Owing to the coronavirus pandemic, Air India has decided to cancel all its flights to Kuwait till April 30 and curtail services to various other countries, including Spain, France and Sri Lanka. The national carrier currently operates to Kuwait from Chennai, Hyderabad, Ahmedabad, Goa and Mumbai. Under the revised flight schedule, Air India reportedly would operate only two flights on the Delhi-Madrid-Delhi route up to April 30, in place of the existing three. The third flight would remain cancelled between March 17 and April 28. Also, of the seven flights per week between Delhi and Paris now, the carrier has cancelled four services between March 16 and March 30. The other three flights will remain operational up to April 30, he said. The air services to Frankfurt from New Delhi have also been reduced to three per week from seven now between March 16 and April 30 while the Mumbai-Frankfurt services have been restricted to twice a week from March 18 to April 30 from four flights now, according to reports. From March 15, Air India will operate only two flights per week on the Delhi-Tel Aviv-Delhi route as against four services at present. In fact, even these two services on the route will not operate on March 15 and 16.

Jazeera Airways has announced a five per cent IATA commission for all the tickets that trade partners issue through its CRS partners, Amadeus and Galileo. This offer is with effect from 14 February, 2020 till 31 March, 2020. The code to avail  commission is 1A: FM05 and 1G: TMU1Z05.  

According to a report by ResearchAndMarkets.com titled ‘India Outbound Meetings, Incentives, Conferences and Exhibitions (M!CE) Tourism to Gulf Cooperation Council (GCC) Countries – Market Trends and Opportunities to 2025’ released in December 2019, UAE is the top destination for Indian MICE tourists. Saudi Arabia and Bahrain accounted for more than 15 per cent of the share of the total outbound MICE spending by Indians in 2018. The India outbound MICE market to the Gulf Cooperation Council (GCC) countries is set to surpass US$ 5 Billion by 2025. The report uses a country-focused analysis to explore India outbound MICE tourism market to GCC countries. The report includes historical data from 2014-2018 and forecasts until 2025. It covers six GCC nations: Saudi Arabia, United Arab Emirates (UAE), Kuwait, Qatar, Oman, and Bahrain.

Jazeera Airways has announced the launch of its services to New Delhi from December 15. The airline, which commenced operations in India last year, currently flies to Hyderabad, Mumbai, Kochi and Ahmedabad from the Gulf nation. The airline has also announced special one-way fare starting from Rs 10,599 for an Economy Class journey and Rs 19,146 for Business Class travel on the new route. Rohit Ramachandran, Chief Executive Officer, Jazeera Airways, said, “The introduction of services to New Delhi and the expansion of network will bring more choice to travellers to and from India, connecting them to Kuwait and other cities in the Gulf and the Middle East that are served within the airline’s network.” Source: PTI

VFS Global has signed a contract with the Ministry of Foreign and European Affairs of the Slovak Republic for providing visa services in 10 countries including India. The other countries to get visa application centres for Slovakia via VFS Global are China, Kazakhstan, Palestine, Belarus, Russia, Kuwait, United Arab Emirates, Turkey and Egypt. The rollout of 38 visa application centres is expected to be completed by December 2018. Under the new contract, VFS Global will accept both short and long-term visa applications on behalf of the Ministry of Foreign and European Affairs of the Slovak Republic. Chris Dix, Head – Business Development, VFS Global, said, “We are excited about our new partnership with the Ministry of Foreign and European Affairs of the Slovak Republic. The countries where we will be operating are markets where VFS Global has worked for several years and whose travellers are familiar with our services and expertise. We are also pleased to have the opportunity to serve our new clients in new locations, and bring applicants in these locations the same benefits and high-quality service that we have been offering our customers worldwide for the last 17 years.”

IndiGo has announced a daily non-stop flight between Hong Kong and Bengaluru effective December 11, 2018. As part of its international expansion, the airline also operates daily non-stop flights between India and Colombo, Kuwait, Abu Dhabi, Kuala Lumpur, Male and Phuket. The new flights are designed to cater to business and leisure travellers from these cities, who are constantly on the lookout for new and affordable flying options. Customers who would like to plan their travel can book tickets through www.goindigo.in. William Boulter, Chief Commercial Officer, IndiGo, said, “We are delighted to announce Hong Kong as the 15th destination in our international portfolio. One of the world’s biggest financial hubs, Hong Kong constitutes a strategic market for us. Hong Kong also caters to all kinds of travellers, be it family or a group of friends, and we see huge tourism potential in future from India.”

IndiGo has launched Kuwait and Abu Dhabi as its new destinations, effective October 2018. To provide enhanced connectivity across India, IndiGo has added 24 new flights to its network. IndiGo will become the first domestic airline to introduce services connecting Port Blair with Hyderabad and Vadodara. These flights will commence from September 2018. In addition, 6E will operate its first daily return flight between Surat and Chennai, daily non-stop return service between Delhi and Imphal, direct flights to Vijayawada from Delhi.  The airline will also add two international new routes connecting Doha with Ahmedabad and Trivandrum. These new services will be effective October 2018. William Boulter, Chief Commercial Officer, IndiGo said, “We will operate the first flight between Kuwait and Chennai and Calicut and Abu Dhabi starting October this year. It also gives us immense pleasure to add 24 additional flights to 6E network. IndiGo has completed 12 years of successful operations in the India market as a low cost carrier, and adding new flights to its network will further augment the connectivity that we aspire to provide to our customers.”

Following a successful launch in Hyderabad in November, Kuwait’s leading low cost airline, Jazeera Airways will now fly to Ahmedabad and Kochi starting January 17 and 18, respectively. Rohit Ramachandran, CEO, Jazeera Airways, said, “This is a major strategic move for us to extend our network into India and provide greater choice and value for the Indian community in Kuwait and broader GCC. We have been delighted with how well our new operations to Hyderabad, Kochi and Ahmedabad have been received both in India and the wider Middle East region. The decision to invest further in India comes from the rising demand of Indian expats visiting their friends and families, as well as the large interest of Kuwaiti travelers in exploring new destinations for tourism and medical visits.” Jazeera Airways will operate three flights on Wednesdays, Fridays and Sundays to and from Ahmedabad starting January 17 departing 00.05am from Kuwait arriving 06.00am, ensuring a quick and efficient journey. Kochi flights will operate four times a week on Mondays, Tuesdays, Thursdays and Sundays departing at 12.45 pm from Kuwait and arriving at 20.10pm in Kochi International Airport. Passengers can enjoy a baggage allowance of 30kg for Economy class and 50kg per Business class passenger.