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Thursday, April 02, 2020

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Jazeera Airways posts KD 4 mln in Q1 profits
Jazeera Airways on Wednesday announced its financial results for the first quarter of 2016, registering a net profit of KD4.0 million, an increase of 33.0% from the same quarter last year.
 
Jazeera Airways Chairman Marwan Boodai said the company's operating revenues hit KD 11.9 million in the first quarter of this year, down 7.8 percent, compared to the same period last year.
 
He said: "We've had a busy and exciting quarter as we lay the ground-work for the growth and expansion of our offering in 2016 and beyond. Soon we will start flights to Taif, our third destination in Saudi Arabia, with the first flight scheduled for June 7th." "On the product development front, we kicked-off various construction programs for initiatives that fall under our 'The Next Big Thing' strategy, launched in February of this year, and we are on track to deliver starting with the dedicated business class at Kuwait International Airport and the remote check-in and long-term parking facility. Both initiatives are in development today and are set to launch in the third quarter of this year," he added.
 
He elaborated that the Next Big Thing is a series of new ambitious and game-changing initiatives that will boost Jazeera Airways' offering, reinforce its brand, and attract and retain more customers in 2016 and beyond. Below is a glimpse into the four new initiatives and how they will transform Jazeera Airways' offering.
 
Jazeera Airways is currently looking to expand its network to include key long-haul destinations by partnering with an international operator, he pointed out.
 
Established in 2005, Jazeera Airways is a Kuwait Stock Exchange-listed company serving popular destinations in the Middle East. 
 
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