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

Third H160 prototype joins the flight test campaign

The third H160 prototype (PT3) has performed its maiden flight. With its cabin interior configuration similar to that of a serial aircraft, will contribute to certification activities and flight testing to ensure the aircraft's

Emirates launches campaign to promote Dubai hub and inspire travel

Emirates has launched a US$15 million campaign to inspire travel and promote the airline's extensive network of global destinations including its home and hub, Dubai.

Turkish Airlines announces Passenger and Cargo Traffic Results for September 2017

The global carrier reached the highest Load Factor in last five years in September 2017, with 81.5% LF.

Inmarsat certified for Jet ConneX inflight Wi-Fi installations on Gulfstream G550 aircraft

Inmarsat has announced that its Jet ConneX business aviation inflight Wi-Fi service has received a Supplement Type Certificate (STC) for the popular Gulfstream G550 aircraft.

Qatar Airways Cargo's inaugural freighter touches down in Pittsburgh

Qatar Airways Cargo's Boeing 777 freighter arrived at Pittsburgh International Airport last Thursday to a water salute welcome. The cargo carrier launches Pittsburgh as its thirteenth freighter destination in the Americas.

Full speed ahead for Qatar's Wi-Fi

Passengers on many Qatar Airways' flights will soon be able to use high-speed in-flight Wi-Fi, thanks to Inmarsat's GX Aviation Ka-band satellite connectivity. Steve Nichols reports.

TAA SK 12MTHS16
See us at
AIME BT1204240118Global Aerospace BT28218DAS BT1105161117Aviation Show 267291117Aviation Africa BT18418DASAS BT3006161117AIMA Africa 2017DIAC BT1105121117