Jazeera Airways Reports KD 10.2 Million in Profit for 2024, Boosted by Passenger Growth
Jazeera Airways has announced a notable increase in profits, driven by record passenger numbers and a strong operational performance in 2024.
Financial Performance
Jazeera Airways announced impressive financial results for 2024, recording a net profit of KD 10.2 million, marking a significant 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 Growth
The airline reported that passenger numbers exceeded 4.9 million, an increase of 5.1% from 2023, driven by strong summer travel demand. Additionally, Jazeera achieved a load factor of 78.4%, reflecting high seat occupancy.
Q4 2024 Highlights
- Operating revenue: KD 45.1 million, up 15%
- Net loss: KD 4.2 million, down 41.5%
- Passengers: 1.25 million, up 8.7%
- Load factor: 79.4%, up 3.6%
Chairman’s Remarks
Marwan Boodai, Chairman of Jazeera Airways, stated:
“Jazeera Airways’ strong performance in 2024 reflects our strategic agility, operational excellence, and commitment to our passengers. We remain focused on enhancing connectivity and customer experience.”
Operational Review
With 18,374 aircraft movements, 2024 was operationally a record year for Jazeera Airways, making it the most active airline at Kuwait International Airport for the third consecutive year. The airline also improved its On-Time Performance from 74% in 2023 to 86% in 2024.
Future Outlook
Jazeera Airways is set to implement digital transformations aimed at enhancing customer experiences, alongside plans for fleet optimization and terminal upgrades to meet growing passenger demand.
