Wednesday, August 14, 2024 Jazeera Airways proudly announces outstanding performance for the second quarter and mid-year 2024. Displaying strong resilience, the airline achieved a net profit of KD 5.4 million in Q2 2024, reflecting an impressive 37.
3% growth compared to the same period last year. The group’s operating revenue also saw a notable rise of 6.2%, reaching KD 52.
6 million. This success was fueled by robust demand for summer and Hajj travel, leading to a 6.5% increase in passenger traffic, totaling 1.
1 million passengers in comparison to Q2 2023. With a fleet of 23 aircraft serving 61 destinations this quarter, Jazeera Airways secured a leading market share of 28.8% at Kuwait International Airport.
The airline achieved an exceptional On-Time Performance (OTP) of 88% this quarter, up from 83% in Q2 of the previous year, showcasing our dedication to operational excellence and enhancing the customer experience. The successful renewal of Jazeera’s IATA Operational Safety Audit (IOSA) certification further highlights the airline’s focus on safety and efficiency. The rise in passenger numbers and an expanded commercial footprint contributed to a 15.
8% increase in revenue at Jazeera Terminal 5 (T5). The mid-year results confirm our positive momentum, with total group revenue rising by 1.1% to KD 98.
9 million compared to the first half of 2023. This achievement comes despite a one-time loss of KD 2.5 million due to a foreign exchange devaluation in March 2024.
Passeng.