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

G Whizz

An extraordinary experience awaits those private jet passengers who are buying or chartering Gulfstream’s latest masterpieces – the G500 and G600. Dave Calderwood reports.

Royal Jordanian code shares with TGV AIR

Royal Jordanian has signed a bimodal partnership agreement with SNCF’s (French National Railway Company) TGV AIR, whereby Royal Jordanian passengers benefit from a pre- and post-transportation service by TGV from Paris-Charles de

Flydubai and Emirates to offer customers travel options to Zagreb this winter

Flydubai and its partner Emirates have announced that flights between Dubai and Zagreb in Croatia will be operated by Flydubai from 2 December 2018 to 30 March 2019 after which flights will be operated by Emirates.

Emirates adds flights to France

Emirates is to introduce two additional flights to Lyon and one to Paris per week.

New senior vice president of IT for Oman Air

Oman Air is to introduce Ghaith Mohammed Al Darmaki as the new Oman Air Senior Vice President of the IT department. He joins the airline at a vital time of network and fleet expansion.

Kuwait probes Airbus Helicopters deal

Kuwait Prime Minister, Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, has ordered an investigation into the €1 billion ($1.19 billion) order signed by the air force for 30 H225M Caracal multirole military utility helicopters, 24 of them

TAA SK0902311218
See us at
GATM BT1004061118Istanbul Airshow BT22018MAPS18_BT1207131118ASDubai BT1004091018Aviation Africa BT0607280219Cargo BT1004091018MEBAA BT1004121218BIAS BT271017161118AIME19BTA3005120219