Jazeera Airways announces a profit for first-quarter of 2019

Announcing its financial and operational results for the first-quarter of 2019, Jazeera Airways reported a net profit of KD1.5 million. This was up from the net loss of KD321,900 marked in the same quarter a year ago, and a 31.2 percent growth in number of passengers.

Jazeera Airways Chairman, Marwan Boodai, said: “Jazeera Airways had a positive performance in the first-quarter of 2019, supported by a growing and solid network that serves an expanding customer-base. We also continue to focus on our customer-centric approach as we invest in innovative services that not only add value to our customers’ experience, but also create new ancillary sources of revenue and support our strong balance sheet.”

The airline operated its third full quarter from its Jazeera Terminal (T5), which carried 529,640 passengers in first-quarter of 2019 and registered its first quarter of profitability. Terminal 5 has four gates, three connected to boarding bridges, a duty-free shop, restaurants, convenience stores and the recently introduced self-check-in kiosks.

Commenting on the results, Jazeera Airways CEO, Rohit Ramachandran, said: “Our earnings are the result of a deep understanding of regional dynamics and a robust plan that enable us to satisfy the needs of our markets. We have significant expansion plans for our network in 2019 and we remain focused on implementing our cost optimization program.”