Jazeera Airways returns to profitability in record time in 2021 with KD7.1 million
- Closes deal to purchase 28 new aircraft to serve expansion plans
- Reports strong results despite a turbulent operating environment during the year
The airline returned to profitability in record time during the third quarter of the year following a second year impacted by restrictions and limitations in capacity imposed on travel at Kuwait International Airport, and globally, in response to the continued spread of the Covid-19 pandemic.
Commenting on the results, Jazeera Airways Chairman, Marwan Boodai said: “Jazeera’s performance in 2021 is proof that its flexible and resilient business model continues to safeguard customers, employees and shareholders in times of crises. Financially, our airline took the right steps to control costs and limit cash burn, while operationally we focused on new destinations that satisfied an appetite to travel to destinations marked “Covid-safe” as well as catering to a high and latent demand for connecting flights between the Middle East, Asia and Europe.”
Speaking of the airline’s performance, Jazeera Airways Chief Executive Officer, Rohit Ramachandran, said: “The challenges that the pandemic brought about in the travel industry in 2020 also opened new opportunities for our airline: cargo operations, charter flights and connecting routes were expanded to benefit our business. We were resourceful in adapting our business operations which enabled us to get through a very difficult period and come back strongly in 2021.”
Positive Outlook for 2022 and Beyond
Boodai concluded: “We are confident that restrictions on the travel sector will only continue to ease, and traffic will return to pre-Covid-19 levels. Countries around the world have started to fully open their borders. As for Jazeera, we are looking forward to moving forward with our expansion plans, growing our network and fleet as well as our business capabilities.”
About Jazeera Airways
Jazeera Airways operates commercial and cargo flights out of its Jazeera Terminal T5 at Kuwait International Airport. The airline flies to over 45 popular destinations across the Middle East, Central & South Asia, Africa and Europe comprising high-demand business, leisure and weekend destinations.
Jazeera flies to Delhi, Mumbai, Hyderabad, Kochi, Chennai and Ahmedabad.
