T3 site is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Podcast Streaming Now

HomeNewsAviationJazeera Airways surpasses 4.9Mn passengers with 78.4% load factor

Jazeera Airways surpasses 4.9Mn passengers with 78.4% load factor

Announces KD 10.2 million in Net Profit for 2024, with 66.2% increase over 2023 driven by strong passenger growth.

Jazeera Airways announced financial results for 2024, reporting a net profit of KD 10.2 million, a 66.2% increase compared to the previous year. The airline’s operating revenue rose by 5.3% to KD 208.6 million, while EBIT surged by 46.8% to KD 17.3 million.

Passenger numbers continued their upward trend, said to demonstrate the most active year on record – exceeding 4.9 million—an increase of 5.1% from 2023, supported by a strong summer travel demand. The airline also achieved a load factor of 78.4%, reflecting high seat occupancy. The sustained passenger growth contributed to a 11.3% increase in revenue from Jazeera Terminal 5, which reached KD 14 million.

In Q4 2024, group operating revenue climbed 15% to KD 45.1 million, with quarterly losses reduced by 41.1% to KD 4.2 million, compared to KD 7.14 million in Q4 2023. This is reported to be mainly driven by improved revenues and measures implemented to increase operating efficiency.

2024 Highlights
– Operating revenue: KD 208.6million, up 5.3%
– EBIT: KD 17.3 million, up 46.8%%
– Net profit: KD 10.2 million, up 66.2%
– Passengers: 4.9 million, up 5.1%
– Load Factor: 78.4%, up 0.3%         

Q4 2024 Highlights
– Operating revenue: KD 45.1 million, up 15%
– EBIT: KD (3.4) million, down 45.6%
– Net Loss: KD 4.2 million, down 41.5%
– Passengers: 1.25 million, up 8.7%
– Load Factor: 79.4%, up 3.6%

Marwan Boodai, Chairman, Jazeera Airways, said: “Jazeera Airways’ strong performance in 2024 reflects our strategic agility, operational excellence, and commitment to our passengers. A significant growth in profit amid industry challenges underscores our resilience and ambition. As we drive forward with digital transformation in 2025, we remain focused on enhancing connectivity and customer experience. We could not have achieved this success without the exceptional support of our shareholders, passengers, dedicated employees, and supportive stakeholders. We are excited for the journey ahead, building on this momentum to deliver even greater value and innovation in the years to come.”

The year 2024 is said to be operationally a record year for Jazeera Airways. With 18,374 aircraft movements, Jazeera is reported as the most active airline at the Kuwait International Airport for the third consecutive year. The airline is said to improve its On-Time Performance (OTP) from 74% in 2023 to 86% in 2024, ensuring reliability for its passengers. The airline also added a new aircraft and completing the acquisition of six Airbus A320 CEOs which were aimed at reducing costs and mitigating supply chain challenges.

Fleet optimization includes shifting to a 180-seat configuration by Q3 2025, with 26 new aircraft arriving from 2027 onwards. Jazeera Terminal 5 upgrades are also planned to support growing passenger demand.

RELATED ARTICLES

SOCIAL FOLLOWERS

FansLike
FollowersFollow

GALLERY

slide2
slide3
slide4
slide5
slide6
slide7
slide8
slide9
slide10
slide11
slide12
slide13
slide14
slide15
slide16
slide17
slide18
slide19
slide20
slide21
slide22
slide23
slide24
slide25
slide26
slide27

Upcoming Events

NEWSLETTER

    Appointment