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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”.

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