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Jazeera Airways announces H1 '09 results and further fleet growth

Kuwait: Thursday, August 13 - 2009 at 14:38
PRESS RELEASE

Jazeera Airways announced that it registered KD20m in revenues for H1 2009, recording a loss of KD2.2m for the period.

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Jazeera Airways CEO, Stefan Pichler.

Jazeera Airways CEO, Stefan Pichler, said: "Despite a difficult economic environment, Jazeera Airways continued to take market share and in less than four years of operation has become the largest carrier operating out of Kuwait, our home base. The restructuring of the network from a dual hub to a single hub operation has briefly impacted revenues in Q2 2009, but it will ensure that Jazeera Airways will progress towards having the lowest CASK in the region. We continue to see strong passenger growth on all our services and we remain confident that 2009 will be another profitable year for the airline."

Pichler added:

"We have taken delivery of two new Airbus A320s, bringing our fleet to ten aircraft. These deliveries will help us capitalize on more lucrative routes and grow our network. We will take delivery of Aircraft 11 in January 2010. We continue to recruit and adopt new technology and distribution systems in a rapid pace to support our growth."

Jazeera Airways is listed on the Kuwait Stock Exchange and operates a fleet of 10 Airbus A320s to destinations across the Middle East, Europe, Iran, North Africa, and the Indian Subcontinent. The airline has a firm order for 30 additional aircraft to be delivered over the coming years with the last fleet installment scheduled for delivery in 2014.

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Related site: http://www.jazeeraairways.com

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About Jazeera Airways
Established in 2004 and beginning operations in October 2005, Jazeera Airways is the first private scheduled airline in the Middle East. Today the airline operates a new fleet of ten Airbus A320s to 28 non stop routes in the Middle East, North Africa, Iran, and India.

For more information, please contact: Fawaz Al-Sirri
+965 66622448

Posted by Nadeen El Ajou
Thursday, August 13 - 2009 at 14:38 UAE local time (GMT+4)

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Jazeera Airways announces H1 '09 results and further fleet growth

Jazeera Airways announced that it registered KD20m in revenues for H1 2009, recording a loss of KD2.2m for the period.

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