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"This is a remarkable achievement considering Fuel comprised 42% of costs (30% in 2007). We managed these results on the back of yield improvement of 11% and reducing our Cost per ASK by 20%. We have worked hard to bring our CASK excluding fuel down to US 3.5 cents by a robust cost management program. This has allowed us to turn around our 1H losses. We have now registered more than 3 million passengers and have also added an additional 2 Aircrafts recently. We expect robust performance in the fourth quarter where fuel has decreased by 50% and we enter into the busiest travel months in the year."
Jazeera Airways is listed on the Kuwait Stock Exchange and operates a fleet of eight 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 just taken delivery of Aircraft 7 & 8 and has firm orders for 32 additional aircraft, to be delivered over the coming years with the last fleet installment scheduled for delivery in 2014.
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Posted by Siba Sami Ammari
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