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Jazeera Airways posts 138% growth in passenger traffic in Q2

  • The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by the middle of Q3 2020
  • The airline registered a net loss of KD6.5 million for Q2 on account of the higher costs due to increased operations and higher fuel prices

A 137.7 percent increase in the number of passengers flown by Jazeera Airways in the second factor on Wednesday was matched by an operating revenue of KD7.4 million and a load factor of 51.3 percent.

The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by the middle of Q3 2020 and the number of vaccinated in Kuwait improve.

The airline registered a net loss of KD6.5 million for Q2, driven by lower yields as scheduled operations started to return in comparison to Q2 2020 and higher costs due to increased operations and higher fuel prices. Yield decreased from Q2 2020 to the average level of KD68.3.

More destinations

Rolling out its summer schedule with favorite destinations for tourists, Jazeera resumed its services to the Lebanese capital, Beirut, in addition to other popular summer destinations such as Tbilisi (Georgia), Trabzon and Bodrum (Turkey).

The airline launched a new service to London Heathrow airport, making it the first LCC in the Middle East to operate direct flights to the airport. 

Other new services, some never before served by a direct route from Kuwait, comprised destinations that do not require quarantine for vaccinated tourists. These included Bishkek (Kyrgyzstan), Tashkent (Uzbekistan) and Yerevan (Armenia).