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Jazeera Airways

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Jazeera Airways

Jazeera Airways CEO, Stefan Pichler
Jazeera Airways CEO, Stefan Pichler
IATA Code
J9
ICAO Code
JZR
Corporate Address
Jazeera Airways K.S.C
55, Airport Road Opp. Amiri Terminal
Safat, State of Kuwait
Kuwait
13153
Website
http://www.jazeeraairways.com
Main hub
Kuwait International Airport
Country
Kuwait
Business model
Low Cost Carrier
Codeshare Partners
Jazeera Airways

Founded in 2005, Jazeera Airways is a publicly-owned low cost carrier airline based at Kuwait International Airport. The carrier, which has grown to become the second national airline of Kuwait, operates scheduled service to destinations throughout the Middle East.

Location of Jazeera Airways main hub (Kuwait International Airport)

Source: CAPA - Centre for Aviation and Google Maps

Jazeera Airways share price

Time period:
Source: CAPA - Centre for Aviation and Kuwait Stock Exchange


 
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186 total articles

6,129 total articles

Yield enhancement the key to Jazeera’s 2011 performance

6-Dec-11 6:23 PM

One of the outstanding factors in Jazeera Airways’ turnaround over the past 15 months has been the dramatic jump in the yield levels achieved by the carrier. Having shrunk into profitability, the Kuwait-based carrier has fewer routes and less aircraft but has reported five consecutive quarters of record profits and is set to report its best-ever full-year result for 2011.

At the end of 3Q2011, the carrier reported yields of 52.3 Kuwaiti fils, up 42% over 3Q2010 and a remarkable 91% above 3Q2009 levels. Increasing yields are expected to continue through the final quarter of 2011 and into 2012. This provides a tremendously strong platform for the carrier to develop from, as it puts in place its strategic development plan over the next few years.

Jazeera Airways reports another record quarterly profit with yields up 45%

2-Nov-11 5:28 PM

Jazeera Airways, Kuwait’s privately owned low-cost carrier, has reported another record quarterly profit for the three months to 30-Sep-2011. The airline reported an operating profit of KWD7.5 million and a net profit of KWD6.1 million, its fifth consecutive profitable quarterly result since it launched its turn-around programme. The third quarter is the airline's peak period for business, where it usually records the majority of its profits.

The airline handled 337,629 passengers over the three-month period, generating KWD19.3 million in operating revenues, up 38% year-on-year. Load factors were “just over” 70%, stronger than other quarters but slightly lower than other LCCs in the region such as Air Arabia and flydubai.

Jazeera Airways CEO, Stefan Pichler Jazeera Airways' turnaround continues to show results

16-Aug-11 12:20 PM

A slimmer Jazeera Airways has reported record profits for the three months (second quarter) to 30-Jun-2011, reversing the losses suffered in the same period last year. The carrier achieved a KWD2.2 million net profit, compared to a net loss of KD4.7 million in 2Q2010, despite battling the unrest in the Middle East and higher oil prices.

Sama Chairman, Prince Bandar Bin Khalid Al-Faisal Is Saudi Arabia's last LCC nasair set to join Sama?

9-May-11 9:33 AM

Saudi Arabia’s LCC experiment may be drawing to an unwelcome close. nasair, the kingdom’s first – and now sole surviving – LCC announced it has suffered a 1Q2011 loss, due to the troubled situation in the Middle East and North Africa reducing passenger traffic and the increasing price of oil.

Jazeera Airways CEO, Stefan Pichler Jazeera posts record 1Q for third consecutive quarter of profits

5-May-11 10:10 AM

Jazeera Airways reported its third consecutive profitable quarter (operating and net) since the introduction of the company's "turn-around plan" in 1Q2011, marking its best ever first quarter performance. The carrier, which was unprofitable in 1Q2009 and 1Q2010, is targetting profitability in every quarter of 2011. It is also aiming for market share of up to 15% in 2011, adding that in 2012 the picture would change with fleet expansion.

Air China tops airline Enterprise Value rankings; Delta second; no LCCs in top 10

16-Mar-11 9:53 AM

It would appear China has already reached its aim of creating a world-beating "super carrier" – at least in terms of financial size. Air China is by far the world’s biggest airline, based on a current ranking of listed airlines’ Enterprise Values (EV) assembled by the Centre for Asia Pacific Aviation (CAPA).

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