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FINANCIAL NEWS
Kuwait’s Jazeera Airways posts USD26m profit in H1
31 Jul 2013
(MENAFN) Kuwait-based Jazeera Airways Group reported USD26.33 million net profit during the first six months of 2013, the most profitable first half in its history, Arabian Business reported.
Revenue in the January-June period grew by 9 percent to USD108.12 million compared to the same period last year.
Passengers carried during H1 increased by 4.1 percent while the load factor reached 70 percent, up 11.9 percent.
Jazeera Airways Group expects a seasonal increase in demand in the third quarter, and a mild fourth quarter, it added.
Established in 2005, Jazeera Airways Group operates a fleet of 13 A320s to destinations including Dubai, Bahrain, Beirut, Alexandria, Amman, Istanbul, Sharm El Sheikh, Assiut, Luxor, Mashhad, Sohag, Jeddah, Riyadh, Cairo and Al Najaf.
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