{"id":74827,"date":"2023-11-13T00:00:00","date_gmt":"2023-11-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/"},"modified":"2023-11-13T00:00:00","modified_gmt":"2023-11-13T00:00:00","slug":"jazeera-airways-bottomline-dips-in-3q-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/","title":{"rendered":"Jazeera Airways\u2019 bottomline dips in 3Q 2023"},"content":{"rendered":"

Kuwaiti low-cost airline and freight service provider <\/strong>Jazeera Airways<\/a><\/strong>\u2019 bottomline<\/strong>fell 47.7% <\/strong>y-o-y<\/strong> in 3Q 2023 to KWD 7 mn<\/strong>, as it saw its income impacted by lower yield and higher operating costs, according to its earnings presentation (pdf)<\/a>. The airline's revenue for the quarter also fell 3.4% y-o-y to KWD 61.1 mn. The carrier's 9M 2023 bottomline also fell 36% y-o-y to KWD 13.27 mn, while its 9M revenues increased 12.8% y-o-y to KWD 158.9 mn, according to an earnings release<\/a>. quarterly financials (pdf)<\/a>.<\/p>\n

The airline hit records for passenger + aircraft movement: <\/strong>Jazeera Airways saw its most active quarter in the history of Jazeera in respect to passenger movement with an increase of 35.6% y-o-y in passenger numbers in 3Q, according to the presentation. Meanwhile, aircraft movements rose to their highest in the airline\u2019s history in 9M 2023, with 13.2k movements. The carrier added new routes to Moscow, Samarkand, Larnaka, Sphinx (Cairo), Shiraz, Tivat, Belgrade, Tirana, Islamabad, and Tehran, it added. <\/p>\n

And its revenues from cargo rose during the quarter:<\/strong> Cargo revenues rose during the quarter 10.6% y-o-y to KWD 555k, according to the presentation.<\/p>\n

Looking ahead:<\/strong> The airline maintains a \u201ccautious outlook\u201d for the rest of the year, as i8t forecasts depressed yields in 4Q 2023 on the back of overcapacity in the market, coupled with higher passenger movement, it said. The carrier is eyeing adding more routes in Iran, Iraq, Saudi Arabia, and the Eastern European region, and plans to launch routes to new destinations in 2024, according to the presentation. It also plans to maintain focus on cost control during the final quarter of the year, the presentation said. <\/p>\n","protected":false},"excerpt":{"rendered":"

The freight service provider also recorded a 3.4% y-o-y decline in revenues in 3Q 2023 amid lower yields and higher operating costs<\/p>\n","protected":false},"author":1,"featured_media":74828,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[145,174,17,160],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-aviation","tag-earnings-watch","tag-enterprise-logistics","tag-kuwait","wpautop","entry"],"acf":{"mongo_id":"5a2161bb-a2d2-44b9-8931-93b7fcae0c5e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/485.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jazeera Airways\u2019 bottomline dips in 3Q 2023","related_issue":[74811],"teaser":"The freight service provider also recorded a 3.4% y-o-y decline in revenues in 3Q 2023 amid lower yields and higher operating costs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.1f040a09-0215-414a-8505-8c9631850848.mp3"},"yoast_head":"\nJazeera Airways\u2019 bottomline dips in 3Q 2023 - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jazeera Airways\u2019 bottomline dips in 3Q 2023\" \/>\n<meta property=\"og:description\" content=\"The freight service provider also recorded a 3.4% y-o-y decline in revenues in 3Q 2023 amid lower yields and higher operating costs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Jazeera Airways\u2019 bottomline dips in 3Q 2023\",\"datePublished\":\"2023-11-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\"},\"wordCount\":268,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AVIATION\",\"EARNINGS WATCH\",\"Enterprise Logistics\",\"Kuwait\"],\"articleSection\":[\"Earnings Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\",\"name\":\"Jazeera Airways\u2019 bottomline dips in 3Q 2023 - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-11-13T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Jazeera Airways\u2019 bottomline dips in 3Q 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Jazeera Airways\u2019 bottomline dips in 3Q 2023 - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/","og_locale":"en_US","og_type":"article","og_title":"Jazeera Airways\u2019 bottomline dips in 3Q 2023","og_description":"The freight service provider also recorded a 3.4% y-o-y decline in revenues in 3Q 2023 amid lower yields and higher operating costs","og_url":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/","og_site_name":"Logistics","article_published_time":"2023-11-13T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Jazeera Airways\u2019 bottomline dips in 3Q 2023","datePublished":"2023-11-13T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/"},"wordCount":268,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1","keywords":["AVIATION","EARNINGS WATCH","Enterprise Logistics","Kuwait"],"articleSection":["Earnings Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/","url":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/","name":"Jazeera Airways\u2019 bottomline dips in 3Q 2023 - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1","datePublished":"2023-11-13T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2023\/11\/13\/jazeera-airways-bottomline-dips-in-3q-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"Jazeera Airways\u2019 bottomline dips in 3Q 2023"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/485.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/74827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=74827"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/74827\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/74811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/74828"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=74827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=74827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=74827"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=74827"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=74827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}