{"id":35113,"date":"2020-02-13T09:02:35","date_gmt":"2020-02-13T06:02:35","guid":{"rendered":"http:\/\/192.163.207.100\/~timesku1\/news\/?p=35113"},"modified":"2020-02-13T09:02:35","modified_gmt":"2020-02-13T06:02:35","slug":"jazeera-airways-profits-soar-to-kd14-9-million-in-2019","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/jazeera-airways-profits-soar-to-kd14-9-million-in-2019\/","title":{"rendered":"Jazeera Airways profits soar to KD14.9 million in 2019"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Jazeera Airways, the Kuwait-based private low-cost-airline, announced a net profit of KD14.9 million for 2019, up 124 percent from a year earlier, supported by a 21 percent increase in number of passengers,\u00a0 which reached 2.4 million last year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Commenting on the results, Jazeera Airways Chairman, Marwan Boodai, said: \u201cWe are proud to be announcing our best set of operating results in the airline\u2019s history. The significant leap in profitability is the result of profitable growth coupled with an aggressive cost focus. Our airline continues to grow and expand its footprint in the Middle East, Europe and Asia, while our Jazeera Terminal T5, which is the only example of an airline-owned terminal in the region, significantly contributed to the strong results. Today, Jazeera Airways continues to enjoy a strong balance sheet, backed by solid and expanding operations that serve the demand of a growing customer base in the regions where we operate.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jazeera Airways continued to expand in 2019, marked by a milestone launch of a direct service from Kuwait to London Gatwick in October. The airline also launched services to Istanbul\u2019s Sabiha Gokcen International Airport, the Turkish coastal city of Bodrum, the Nepalese capital Kathmandu, Osh in Kyrgyzstan, Karachi in Pakistan, Al Ain in UAE, and Dammam in Saudi Arabia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jazeera Airways also took delivery of three new Airbus A320neo aircraft in Q4 2019, bringing the number of aircraft in its fleet to 13, including nine of the A320 model and four of the A320neo. Another five A320neos are expected to be delivered in 2020.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In May 2019, the airline marked the first year of operations out of its Jazeera Terminal 5 (T5) at Kuwait International Airport. The Terminal\u2019s contributed to the company\u2019s earnings with an operating profit of KD1.2 million for the year 2019. In total, T5 served 1,187,258 departing passengers, 969,999 arriving passengers and 325,135 transiting passengers. The Terminal has a capacity exceeding 3 million passengers annually and state-of-the-art check-in facilities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also in 2019, Jazeera Airways was named the \u2018Aviation Company of the Year 2019\u2019 by the Arabian Business Kuwait Awards and was selected winner of the Transport Project of the Year and Small Project of the Year awards by the 2019 MEED Quality Projects Awards in recognition of the Jazeera Terminal 5.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following its milestone launches in 2019, Jazeera Airways is planning new direct services from Kuwait to Sharjah in UAE, Chittagong and Dhaka in Bangladesh, and Qassim and Hail in KSA.\u00a0 The airline is also looking into opportunities to continue its expansion in the European market within the 6.5-hour flight radius.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jazeera Airways, the Kuwait-based private low-cost-airline, announced a net profit of KD14.9 million for 2019, up 124 percent from a year earlier, supported by a 21 percent increase in number of passengers,\u00a0 which reached 2.4 million last year. Commenting on the results, Jazeera Airways Chairman, Marwan Boodai, said: \u201cWe are proud to be announcing our [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35114,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[290,3027],"class_list":["post-35113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","tag-airlines","tag-jazeera-airways"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jazeera Airways profits soar to KD14.9 million in 2019 - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/jazeera-airways-profits-soar-to-kd14-9-million-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jazeera Airways profits soar to KD14.9 million in 2019 - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"Jazeera Airways, the Kuwait-based private low-cost-airline, announced a net profit of KD14.9 million for 2019, up 124 percent from a year earlier, supported by a 21 percent increase in number of passengers,\u00a0 which reached 2.4 million last year. 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