Subscribe Free
in Business & Finance

Jazeera Airways announces Q1 2017 financial results

Posted 4 May 2017 · Add Comment

Jazeera Airways has released its first quarter financial results, reporting operating revenues of KD10.1 million and a net loss for the quarter of KD0.9 million.

Jazeera Airways chairman Marwan Boodai said: “Our earnings for the quarter were impacted by a continuing slowing macroeconomy and that is impacting our sector’s yields. The fact that our load factor remained virtually unchanged from the same time last year is a clear indication that demand for our product continues to be strong despite the macroeconomic pressures and the extra capacity that continued to be dumped on our sectors. Looking towards the rest of the year, we are working to counter these external pressures through internal measures. In the next quarter we will launch our overhauled e-commerce platform that is tasked with generating ancillary income and optimising the booking and payment experience to further differentiate our product. While our previously announced game-changing departure and arrival terminal is progressing on track to accept its first travellers in Q1 2018”.

* required field

Post a comment

Other Stories
Advertisement
Latest News

EBACE: TrueNorth new data link unit to improve fairground communications

Communication between pilots and ATC is set to improve following the introduction today at EBACE by TrueNorth, of a new FANS-1/A over Iridium data link unit (DLU) with voice capabilities.

Nextant Aerospace launches large cabin 604XT programme

Nextant Aerospace has announced the launch of a new cockpit avionics programme in conjunction with Rockwell Collins that will bring Pro Line Fusion to the Bombardier Challenger 604 aircraft platform.

FlightSafety International starts Master-level Advanced Training Courses for Dassault Falcon

FlightSafety International has announced the start of new Master-level Advanced Training Courses for the Dassault Falcon 2000EX EASy and 900EX EASy series aircraft.

EBACE: Airbus launches ACJ330neo at European show

Airbus has launched a private jet version of its A330neo at EBACE today. The new VVIP jet combines new-generation engines and aerodynamic and other improvements which the company said will deliver even more comfort, efficiency and true

EBACE: Supercar designer gives new look to Airbus ACJ319neo

Italian exotic car manufacturer Pagani Automobili is moving its design focus to the world of aircraft with a new cabin design for the ACJ319 neo.

Deer Jet to get second 787 DreamJet

Deer Jet is to introduce a second Boeing 787 Dream Jet to its fleet, making it the world's largest operator of the type.

TAA SK 12MTHS16
See us at
DIAC BT1105121117EBACE17 BT01032405176th Annual Mediterranean Business AviationAIME BT1204240118DAS BT1105161117