Jazeera has added two new leisure routes, Krakow in Poland and Batumi in Georgia
With a net profit of KD 10.2 million, Kuwaiti low-cost airline, Jazeera Airways has reported a rise of 66.2 pc compared to the net profit registered in 2023.
In a press statement, Jazeera Airways says that its operating revenue rose by 5.3 pc to KD 208.6 million, while Earnings Before Interest and Taxes, (EBIT) surged by 46.8 pc to KD 17.3 million.
In a statement, the airline also reported an upward trend in passenger numbers for the previous year demonstrating the most active year on record with numbers exceeding 4.9 million, a 5.1 pc rise from 2023, supported by a strong travel demand.
Marwan Boodai
“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,” says Marwan Boodai, Chairman, Jazeera Airways.
The statement adds that in the fourth quarter of 2024, group operating revenue of the airline climbed 15 pc to KD 45.1 million, with quarterly losses reduced by 41.1 pc to KD 4.2 million, compared to KD 7.14 million reported during the same period in 2023. The airline also achieved a load factor of 78.4 pc, reflecting high seat occupancy.
According to the statement, 2024 was operationally a record year for Jazeera Airways with 18,374 aircraft movements, making it the most active airline at the Kuwait International Airport for the third consecutive year.
The airline also improved its On-Time Performance (OTP) from 74 pc in 2023 to 86 pc in 2024. Jazeera also added two new leisure routes, Krakow in Poland and Batumi in Georgia combined with the relaunch of Bhairahawa in Nepal.
For 2025, Jazeera projects fleet optimisation by 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, adds the statement.
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