Subscribe Free
in Business & Finance

Jazeera Airways shareholders approve KD3 million cash dividend for 2015

Posted 18 April 2016 · Add Comment

Jazeera Airways shareholders have approved a board proposal for the distribution of a cash dividend of KD3 million, equivalent to 15% of the share's nominal value, for the year 2015 during the company's 14th Annual General Meeting of Shareholders.

Jazeera Airways had registered a net profit of KD15.4 million for 2015, an operating profit of KD 13.6 million representing a 2% increase from 2014, and an operating revenue of KD58.6 million. Operationally, the company saw a 4.5% increase in passengers and an on-time performance of 94.3%, making it one of the most on-time airlines in the Middle East. 

Jazeera Airways chairman, Marwan Boodai, said: “2015 was another profitable year for Jazeera Airways, and a transformational one too. We successfully readjusted the airline’s capital to match its size, issued record shareholder payouts worth KD52.7 million in cash, and settled all debts. The company is now debt-free, has over KD30.9 million in cash and operates a growing, profitable business; the balance sheet has never been as strong as it is today. Last year was indeed transformational for the balance sheet, and 2016 will be the year this transformation extends to our product through a series of new and game-changing product enhancements.”

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Operations from the ground up

Keith Mwanalushi looks at the expansion of ground support operators and equipment in the Middle East region as the pressure mounts to remain competitive and maintain commercial viability.

Emirates announces A380 service to Nice and adds Monaco transfers by helicopter

Emirates Airlines has launched a daily A380 service to Nice, gateway to the French Riviera and Provence. The daily A380 service will start on July 1, 2017.

Etihad Airways and Norlands celebrate the 2000th Flying Nanny

Etihad Airways has celebrated the graduation of its 2000th Flying Nanny, continuing its relationship with Norland, the respected UK-based higher education college which specialises in 'early years' education.

UK bans passengers from Queen Alia Airport from carrying laptops, tablets and large phones

The UK authorities issued new rules that ban passengers on flights from Queen Alia International Airport and other airports in the region departing to London from carrying laptops and tablets in the aircraft cabin, in addition to the

Emirates expects busy spring break travel period

Emirates expects high passenger traffic on its flights this upcoming weekend starting from Thursday 23rd March as travellers head abroad for spring and holiday break. Over 89,000 travellers will be passing through Emirates Terminal 3

Qatar Airways welcomed Orbis Flying Eye Hospital to Doha

Qatar Airways welcomed Orbis Flying Eye Hospital to Doha with an official reception at Doha International Airport (DIA).

EBACE17 SK0103240517
See us at
EBACE17 BT0103240517Kuwait APADS BT1602270317Aeropodium BT2802240417