SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
Jazeera Airways announces FY2017 financial results
Jazeera Airways announces FY2017 financial results
Board recommends dividend of 35 fils per share
 
Kuwait - Feb 8, 2017:  Jazeera Airways KSC (Jazeera) today announced its 2017 full-year financial results. The company reported an operating result of KD7.7 million, and a net profit of KD8.2 million. 
 
FY2017 Financial Highlights: 
  • Operating revenue: KD56.6 million, up 7.3% from FY2016
  • Operating profit: KD7.7 million, down 12.1% from FY2016
  • Net profit: KD8.2 million, down 23.7% from FY2016 (FY2016 net profit included a one-off KD 2.4 million transfers from foreign currency translation reserve that were reclassified to Statement of Income)
FY2017 Operational and Business Highlights
  • Route Expansion: 3 new destinations launched (Doha, Baku, and Hyderabad, India)
  • Load factor: 73.9%, up 6.7% from FY2016
  • Aircraft utilization: 10.9 hours, up 6.9% from FY2016
  • Brand and customer experience: Introduced a series of brand upgrades, including revamped brand architecture, new aircraft interiors, and new digital infrastructure for better customer customer experience from booking to flight.
Jazeera Airways Chairman Marwan Boodai said, “The year 2017 was a transformational year for customer experience enhancements both on-ground and in-the-air. We unveiled a new brand across all customer touchpoints, invested heavily in our digital platform for better revenue management and an engaging customer experience, and rolled out completely new interiors for our fleet. The year 2018 will be no less transformational. Our dedicated terminal, currently under construction, will be launched in Q1 to coincide with our network expansion as we introduce a series of five new destinations in the first half of the year, including Kochi and Ahmedabad (both already launched in January), Lahore, and Tbilisi”.   

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 11944 times
PR Category : Travel & Tourism
Posted on : Thursday, February 8, 2018  4:02:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of SaudiArabiaPR.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Nailgrowth® Miracle Serum From Sally Hansen [61869-Views]
A Chat With Mr. David Benedek, the man behind BDK Perfumes. [50307-Views]
Sports Bras Banishing Bounce by 83% arrive in store [45202-Views]
Michael Kors Presents Spring 2018 Jewelry [39909-Views]
Skyline Signed MoU with Jaipuria Institute Management [37080-Views]
Dubai Wins Red Diamond Award for World's Greatest New Year's Celebration! [36613-Views]
AIGNER Love [35572-Views]
Tiziana Terenzi launches its Anniversary Collection [34748-Views]
9th Skyline Inter-School Sports Festival [32693-Views]
Go the extra mile this Valentine's Day with Robinsons [30623-Views]
The Penhaligon's Trade Routes Collection [30258-Views]
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6 countries; Crossing... [29922-Views]
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part of ‘Arabic Reassemble... [29036-Views]
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio [27080-Views]
Kick off Spring/Summer season in style with Centrepoint's latest collection [25264-Views]
LG's 2018 Speaker Lineup Wows With Premium Sound, Ease of Use and Now Smart Capabilities [24104-Views]
Emirates to operate special A380 flight to Kuwait for UAE supporters to attend Arabian Gulf Cup fina... [23973-Views]
CG of India declared Champion at the 2nd Diplomat Cricket Cup by Skyline University College [22780-Views]
AIGNER Dubai World Cup Timepiece [21988-Views]
Qabala joins Air Arabia's Azerbaijan network [21746-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories