{"id":84240,"date":"2025-02-05T00:00:00","date_gmt":"2025-02-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/05\/jazeera-airways-records-bottomline-growth-in-fy-2024\/"},"modified":"2025-02-05T00:00:00","modified_gmt":"2025-02-05T00:00:00","slug":"jazeera-airways-records-bottomline-growth-in-fy-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/05\/jazeera-airways-records-bottomline-growth-in-fy-2024\/","title":{"rendered":"Jazeera Airways records bottomline growth in FY 2024"},"content":{"rendered":"

<\/strong>Kuwait\u2019s <\/strong>Jazeera<\/strong> Airways saw its net income increase 66.2% y-o-y to <\/strong>KWD 10.2 mn<\/strong> (c. USD 33 mn) in 2024<\/strong>, according to the firm\u2019s financial<\/a><\/a>statement<\/a>(pdf)<\/a>. The airline\u2019s operating revenues also grew 5.3% y-o-y, reaching KWD 208.6 mn (c. 676.15 mn) during the same period, driven mainly by growth in the company\u2019s passengers segment.<\/p>\n

A good 4Q<\/strong>: <\/strong>Jazeera 4Q net losses dropped 41.5% to KWD 4.2 mn (c.USD 13.61 mn), while its revenues rose by 15% y-o-y to KWD 45.1 mn (c.USD 145 mn) in 2024, according to a press release<\/a>.<\/p>\n

Behind the numbers: <\/strong>Jazeera Airways recorded 18.4k aircraft movements in 2024, making it the most active airline at Kuwait International Airport for the third consecutive year, according to the statement. The airline also expanded its network, adding routes to Poland\u2019s Krakow and Georgia\u2019s Batumi and relaunching services to Nepal\u2019s Bhairahawa. It also boasted an improved On-Time Performance (OTP) by 12%. <\/p>\n

ICYMI-<\/strong> Jazeera Airways acquired six Airbus A320ceo aircraft it had on lease in December 2024 for KDW 55.7 mn (c. USD 181 mn) and has an order book of 26 new aircraft<\/a>, with deliveries expected to start mid-2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

The carrier saw its net income rise 66.2% y-o-y in 2024<\/p>\n","protected":false},"author":1,"featured_media":84241,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[174,714,160],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-jazeera-airways","tag-kuwait","wpautop","entry"],"acf":{"mongo_id":"2b24c646-dc4e-42bb-b50e-e39a49d046f5","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/910.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jazeera Airways records bottomline growth in FY 2024","related_issue":[84229],"teaser":"The carrier saw its net income rise 66.2% y-o-y in 2024","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.8e6488a3-fd9d-422e-9922-1a5aab1ecf64.mp3"},"yoast_head":"\nJazeera Airways records bottomline growth in FY 2024 - 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