Marwan Boodai, Chairman and CEO for the only international airline in the Middle East that is neither owned nor subsidized by any government said; "Our strong Q1 results follow the major expansion strategy we pursued in 2007. We will continue to expand in the rest of '08, bringing new routes on the back of more aircraft deliveries throughout the year."
Jazeera Airways Q1 financial summary:
• Profits: KD745,815, up 42% vs. Q1 07
• Operating Revenue: KD10,780,055, up 46% vs. Q1 07
• Earnings Per Share: 3.7 fils (One dinar = 1000 fils)
Jazeera Airways is listed on the Kuwait Stock Exchange and operates a fleet of six Airbus A320s from hubs in Kuwait and Dubai to destinations across the Middle East, Europe, Iran, North Africa, and the Indian Subcontinent. The airline has a firm order for 34 additional aircraft to be delivered over the coming years with the last fleet installment scheduled for delivery in 2014.
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Jazeera Airways profits up 42% in Q1 08, despite record fuel prices
- Kuwait: Monday, May 19 - 2008 at 07:47
- PRESS RELEASE
Kuwait and Dubai based Jazeera Airways announced that it registered KD745,815 in profits for the quarter ending on March 31, an increase of 42% over Q1 '07.
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Notes and media contacts
For further information, please contact:Jazeera Airways (K.S.C.)
Fawaz Al-Sirri
Communications Manager
+965 7187345
Manning Selvage & Lee
Angie Sharaf
Communications Executive
+971 43676157
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, May 19 - 2008 at 07:47 UAE local time (GMT+4)
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