All Jazeera Airways articles
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NewsKuwait’s Jazeera to purchase older A320s operated on lease
Kuwaiti budget carrier Jazeera Airways is to purchase six older Airbus A320s which the airline currently operates on lease. Jazeera’s board states that it will fund the purchase from its own resources as well as loans from local banks. It values the transaction at KD55.57 million ($180.6 million). Jazeera chief ...
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NewsJazeera profitability bounces back after currency-hit start to year
Kuwaiti budget carrier Jazeera Airways has rebounded from a currency-hit beginning to the year, posting a strong second quarter with net profit up 37%. Jazeera’s net profit of KD5.4 million ($17.6 million) helped limit the impact on its first-half performance. Its six-month net profit of KD2.7 million was down by ...
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NewsJazeera blames currency fluctuations as first quarter performance dips
Kuwaiti budget carrier Jazeera Airways is blaming adverse foreign currency effects for a first-quarter net loss of KD2.7 million ($8.8 million). The figure is a reversal of the KD2.3 million profit achieved in the same quarter last year. Jazeera Airways says the result was “mainly due” to the impact of ...
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NewsFormer Jetstar Asia chief to head Kuwait’s Jazeera Airways
Former Jetstar Asia head Barathan Pasupathi is to return to Kuwaiti budget carrier Jazeera Airways as its new chief executive. Pasupathi is to succeed Rohit Ramachandran who is stepping down from the Middle Eastern operator after seven years. He was formerly Jazeera Airways’ chief financial officer from 2007-10 and played ...
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NewsYield pressure from Gulf carriers drives down Jazeera full-year profit
Kuwaiti carrier Jazeera Airways’ full-year net profit fell by nearly 70% to KD6.2 million ($20.1 million), as it experienced a substantial decline in yield. Jazeera Airways’ revenues to the end of 2023 reached KD198 million – a rise of 8.8%. But the budget airline says a “sudden and large influx ...
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NewsJazeera cites yield pressure as third-quarter profits halve
Kuwaiti budget carrier Jazeera Airways’ net profit halved during the third quarter, to just under KD7 million ($22.7 million). The carrier’s revenues dipped slightly to KD61 million despite a 28% rise in passenger numbers to 1.38 million for the three months to 30 September. Jazeera expanded its fleet with the ...
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NewsExpanding Jazeera Airways turns in profitable first half
Kuwaiti budget carrier Jazeera Airways is fitting lightweight seats to its expanding fleet, and intends to open additional routes before the end of this year. Jazeera turned in a KD6.27 million ($20.4 million) net profit for the first half. Although this was some 15% down on last year’s interim, the ...
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NewsJazeera chief stays coy on fleet requirements for Saudi carrier
Kuwaiti budget carrier Jazeera Airways is expecting to have around 35 aircraft by 2025, with a number of them potentially allocated to its proposed Saudi Arabian joint venture. Speaking during a briefing earlier this month, chief executive Rohit Ramachandran referred to ‘Jazeera Saudi’ – a start-up in which the Kuwaiti ...
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NewsJazeera Airways to bring in A321s under latest lease plan
Kuwaiti budget carrier Jazeera Airways is preparing to lease a pair of Airbus A321s, as it continues to source single-aisle capacity ahead of receiving new aircraft. The airline’s board agreed the lease of the A321s – as well as another pair of A320s – at meeting held on 2 May. ...
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NewsKuwait’s Jazeera progresses with A320 leases
Kuwaiti budget carrier Jazeera Airways is set to discuss the lease of an additional Airbus A320, along with a batch of engines. The airline’s board says it will meet on 18 April to talk about the proposed lease. It has identified the aircraft involved as MSN4601. The aircraft is a ...
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NewsJazeera to create new Saudi low-cost airline
Kuwaiti budget carrier Jazeera Airways is taking preliminary steps to establish a new operator in Saudi Arabia. Jazeera’s board held a meeting on 12 March at which it approved the plan. “The financial impact will be determined once the establishment and operating licensing procedures [are] finalised,” it states. Jazeera says ...
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NewsJazeera turns in strong full-year financial results
Kuwaiti budget carrier Jazeera Airways has turned in a strong full-year performance with a net profit of over KD20 million ($65 million). It states that it built on a “quick return” to profitability in the second half of 2021, and points out that its financial results have exceeded pre-crisis figures. ...
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Airline BusinessAirline Business performance tracker: rest of world Q3 2022
Key data from the most-recent earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsStrong summer lifts Jazeera past 2019 passenger levels over first nine months
Kuwaiti low-cost carrier Jazeera Airways lifted operating profits by 25% to KD16.1 million ($51.8 million) in the third quarter on a doubling of revenues.
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NewsJazeera turns in first-quarter profit as travel rebounds
Kuwaiti budget carrier Jazeera Airways has generated a first-quarter net profit of KD3.8 million ($12.4 million), contrasting with last year’s loss of KD5.2 million for the period. It attributes the performance to a sharp increase in passenger numbers as travel restrictions were lifted in Kuwait. Revenues for the three months ...
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NewsAirbus long-haul activity weakens but A220 sales prove buoyant
Airbus’s long-haul orders sank further into negative territory during February, although strong single-aisle sales – particularly for the A220 – left the airframer with positive net orders for the first two months of the year. Twenty A330-900s assigned to unidentified customers have been removed, Airbus’s latest backlog figures reveal. Although ...
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NewsJazeera Airways confident as quarterly profit run continues
Kuwaiti budget carrier Jazeera Airways is optimistic over recovery prospects after turning in a full-year net profit of KD7.1 million ($23.4 million). The airline transported 1 million passengers last year, contributing to revenues of KD80.4 million, and average load factor reached nearly 69%. “We are confident that restrictions on the ...
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NewsJazeera inks preliminary deal for up 28 Airbus A320neos
Kuwaiti low-cost carrier Jazeera Airways has sealed a memorandum of understanding for 20 Airbus A320neos and eight A321neos.
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NewsJazeera claims ‘worst behind us’ after early return to profitability
Kuwaiti carrier Jazeera Airways returned to profitability in the third quarter, earlier than the airline had forecast, and managed to break even over the first nine months of the year. The airline turned in a third-quarter net profit of KD11.8 million ($39 million), after generating revenues of KD31.7 million. Chairman ...
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NewsJazeera’s second quarter operating loss widens
Kuwait’s Jazeera Airways’ operating loss widened significantly in the second quarter to KD4.73 million ($15.7 million) as compared to KD1.87 million in the same period in 2020.