Jazeera Airways’ Passenger Numbers Increase 410%

Photo Credit: Karam Sodhi/AviationSource

LONDON – Kuwaiti-based carrier Jazeera Airways has announced that its passenger numbers have increased by a staggering 410%.

The Numbers…

The carrier has announced that 2.6 million passengers were handled in the first nine months of this year, with 1.1 million of that accounting for Summer 2022 travel.

Load factors at the carrier were recorded at 80.1% for 3Q22 (third quarter of 2022), with the nine-month period averaging out at around 76.4%.

Either way, the carrier has experienced a strong surge valued as a 15.7% increase over the last year, showing strong signs of airline usage.

Such results were announced through their recent financial results, of which the airline has made a net profit of KD20.77 million.

Below, you can see the breakdown of highlights by carrier:

  • 9M 2022 Highlights:
    • Revenue: KD140.8 million, up 197.9% from 9M 2021
    • Operating profit: KD 25.96 million, up 1571% from 9M 2021
    • Net profit: KD20.77 million, up from KD70k 9M 2021
    • Passengers: 2.6 million, up 409.8% from 9M 2021
    • Load factor: 76.4%, up 15.7% from 9M 2021
  • 3Q 2022 Highlights:
    • Revenue: KD63.2 million, up 99.25% from 3Q 2021.
    • Operating profit: KD 16.13 million, up 25.7% from 3Q 2021
    • Net profit: KD13.38 million, up 14% from 3Q 2021
    • Passengers: 1.1 million, up 256.8% from 3Q 2021
    • Load factor: 80.1%, up 14.4% from 3Q 2021

Executive Comments…

Commenting on the factors for strong results was Marwan Boodai, the Chairman of Jazeera Airways:

“Appetite for travel increased significantly during the peak summer season, exceeding the numbers of passengers that flew with us during the record year of 2019.”

“We have restored our business post-pandemic and made strong growth as reflected in our financial performance.”

“This has been stimulated operationally with the launch of 11 new routes since the beginning of the year and bringing an additional two aircraft into the fleet.”

Strong Route Growth…

The carrier has made quite some ground when it comes to growth. Just in 3Q22 alone, the airline launched six new routes, four of which were in Saudi Arabia.

The other routes were pertinent to Namangan, Uzbekistan, as well as Xian, China, highlighting the significant growth areas that the airline is currently penetrating.

Looking ahead to the next month, the airline has also announced it has joined the flight shuttle program for the FIFA World Cup 2022, which is happening in a couple of weeks in Doha.

Looking ahead, the airline is moving forward with the delivery of two of its Airbus A320neo aircraft that it has on order, bringing the total fleet count to 35 aircraft.

The airline made an order for 20 A320neos and eight 8 A321neos, highlighting that more is still to come from the carrier.

Overall, it remains clear that the carrier is pressing ahead well with overall growth and is bringing the fight to many different destinations across the Middle East and Asia.

It is going to be interesting to see how much further they wish to take the brand, especially with the lack of fear of doing multiple stopovers to access more destinations that are further afield.

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