66.1% increase in 3Q 2024 net profit at KD 11.6 million, passenger numbers
grow to 1.4 million
9M 2024 net profit up 8.2% to KD 14.4 million
Kuwait, 4 November 2024:
Jazeera Airways today announced a strong set of financial results for the third quarter of 2024, achieving a net profit of KD 11.6 million—and posting a 66.1% increase compared to the same period last year. Group operating revenue also saw growth, reaching KD 64.6 million, reflecting a 5.7% increase.
Fueled by strong summer travel demand, passenger traffic grew to 1.4 million, representing a 1.8% increase from 3Q 2023, with load factors at 80.6%. The increased passenger numbers and passenger mix led to an 5.8% revenue increase at Jazeera Terminal 5 (T5). Jazeera Airways performance for the nine months of 2024 demonstrates continued momentum, with operating revenues climbing 2.9% to KD 163.5 million. EBIT rose by 14.5% to KD 20.7 million, while passenger traffic for the nine-month period reached 3.7 million, a 3.9% increase, with a load factor of 78.1%.
