Latest news with #MarwanBoodai
Zawya
11-08-2025
- Business
- Zawya
Jazeera Airways reports strong first half 2025 results
Passenger traffic reaches 2.3 million Maintains market leadership at Kuwait International Airport with 29.5% share Kuwait: Jazeera Airways, Kuwait's leading low-cost carrier, today announced its financial and operational results for the first half of 2025, reporting a solid performance despite regional geopolitical challenges and temporary airspace disruptions in Q2. The airline posted a net profit of KD 9.6 million for 1H 2025, reflecting a remarkable 249.5% increase over the same period in 2024. Group operating revenue rose by 3.3% to KD 102.2 million, supported by capacity growth, a diversified portfolio business, and growing ancillary income. Passenger traffic remained strong, reaching 2.3 million travelers in the first six months of the year — a 0.1% year-on-year increase — with a load factor of 75.5%. Jazeera also sustained its market leadership at Kuwait International Airport, capturing a 29.5% market share and operating a fleet of 24 aircraft to 63 destinations across the Middle East, Asia, Africa, and Europe. Operational resilience remained a key strength, with the airline improving its on-time performance (OTP) from 79.7% in 1H 2024 to 82%, despite airspace impacts underscoring its continued commitment to reliability and customer satisfaction. Ancillary revenue grew by 26.6%, reaching KD 10.9 million, reflecting sustained growth with product innovation strategies. Despite unforeseen airspace closures and regional instability, Jazeera closed a strong second quarter in, with net profits of KD 4.8 million, 1 million passengers and a load factor of 72%. Financial and Operational Highlights 2Q 2025 Operating revenue: KD 48.6 million, down 7.5% from 2Q 2024 Operating profit: KD 4.8 million, down 28.4% from 2Q 2024 Net profit: KD 4.8 million, down 11% from 2Q 2024 Passengers: 1 million, down 7.9% from 2Q 2024 Load factor: 72% 1H 2025 Operating revenue: KD 102.2 million, up 3.3% from 1H 2024 Operating profit: KD 11.6 million, up 45.1% from 1H 2024 Net profit: KD 9.6 million, up 249.5% from 1H 2024 Passengers: 2.3 million, up 0.1% from 1H 2024 Load factor: 75.5% Commenting on the results, Marwan Boodai, Chairman of Jazeera Airways, said: 'These results reflect the resilience of our business model and the strength of our strategic direction. Despite external headwinds, we have delivered strong profitability and reinforced our market leadership. As we continue to invest in expanding our network and customer experience, we remain firmly committed to supporting and strengthening Kuwait's position as a regional aviation hub.' Second Quarter 2025 – Operational Review: In Q2 2025, Jazeera Airways continued expanding its network with the launch of new routes to Budapest (Hungary), Hurghada (Egypt), Sochi (Russia), and Yerevan (Armenia), offering travellers even more options for summer leisure travel. The airline also resumed flights to Damascus, Syria — a key milestone that re-established direct connectivity between Kuwait and Syria after 13 years. Alongside network growth, Jazeera remained focused on enhancing the digital travel experience through ongoing investment in passenger-centric innovations. Outlook for 2025 The outlook for the second half of 2025 remains positive, with the airline closely monitoring regional geopolitical developments to ensure stable operations. Jazeera Airways remains focused on network expansion, digital transformation, and service enhancement — ensuring sustained progress across financial and operational metrics. Jazeera Airways' fleet optimization remains on track, with the 180-seat configuration set for completion by Q4 2025. The airline is also preparing to receive 26 new aircraft from 2026, enabling network expansion, operational scale, and growth in commercial and e-commerce channels. With continued investments in customer experience, innovation, and Terminal 5 upgrades, Jazeera is well-positioned to drive future growth and reinforce its role in Kuwait's aviation sector.
Al Bawaba
11-08-2025
- Business
- Al Bawaba
Jazeera Airways Reports Strong First Half 2025 Results
Jazeera Airways, Kuwait's leading low-cost carrier, today announced its financial and operational results for the first half of 2025, reporting a solid performance despite regional geopolitical challenges and temporary airspace disruptions in airline posted a net profit of KD 9.6 million for 1H 2025, reflecting a remarkable 249.5% increase over the same period in 2024. Group operating revenue rose by 3.3% to KD 102.2 million, supported by capacity growth, a diversified portfolio business, and growing ancillary traffic remained strong, reaching 2.3 million travelers in the first six months of the year — a 0.1% year-on-year increase — with a load factor of 75.5%. Jazeera also sustained its market leadership at Kuwait International Airport, capturing a 29.5% market share and operating a fleet of 24 aircraft to 63 destinations across the Middle East, Asia, Africa, and resilience remained a key strength, with the airline improving its on-time performance (OTP) from 79.7% in 1H 2024 to 82%, despite airspace impacts underscoring its continued commitment to reliability and customer satisfaction. Ancillary revenue grew by 26.6%, reaching KD 10.9 million, reflecting sustained growth with product innovation unforeseen airspace closures and regional instability, Jazeera closed a strong second quarter in, with net profits of KD 4.8 million, 1 million passengers and a load factor of 72%. Financial and Operational Highlights 2Q 2025 ◆ Operating revenue: KD 48.6 million, down 7.5% from 2Q 2024◆ Operating profit: KD 4.8 million, down 28.4% from 2Q 2024◆ Net profit: KD 4.8 million, down 11% from 2Q 2024◆ Passengers: 1 million, down 7.9% from 2Q 2024◆ Load factor: 72% 1H 2025 ◆ Operating revenue: KD 102.2 million, up 3.3% from 1H 2024◆ Operating profit: KD 11.6 million, up 45.1% from 1H 2024◆ Net profit: KD 9.6 million, up 249.5% from 1H 2024◆ Passengers: 2.3 million, up 0.1% from 1H 2024◆ Load factor: 75.5%Commenting on the results, Marwan Boodai, Chairman of Jazeera Airways, said: 'These results reflect the resilience of our business model and the strength of our strategic direction. Despite external headwinds, we have delivered strong profitability and reinforced our market leadership. As we continue to invest in expanding our network and customer experience, we remain firmly committed to supporting and strengthening Kuwait's position as a regional aviation hub.'Second Quarter 2025 – Operational Review:In Q2 2025, Jazeera Airways continued expanding its network with the launch of new routes to Budapest (Hungary), Hurghada (Egypt), Sochi (Russia), and Yerevan (Armenia), offering travellers even more options for summer leisure travel. The airline also resumed flights to Damascus, Syria — a key milestone that re-established direct connectivity between Kuwait and Syria after 13 years. Alongside network growth, Jazeera remained focused on enhancing the digital travel experience through ongoing investment in passenger-centric innovations. Outlook for 2025The outlook for the second half of 2025 remains positive, with the airline closely monitoring regional geopolitical developments to ensure stable operations. Jazeera Airways remains focused on network expansion, digital transformation, and service enhancement — ensuring sustained progress across financial and operational metrics. Jazeera Airways' fleet optimization remains on track, with the 180-seat configuration set for completion by Q4 2025. The airline is also preparing to receive 26 new aircraft from 2026, enabling network expansion, operational scale, and growth in commercial and e-commerce channels. With continued investments in customer experience, innovation, and Terminal 5 upgrades, Jazeera is well-positioned to drive future growth and reinforce its role in Kuwait's aviation sector. © 2000 - 2025 Al Bawaba (
Zawya
02-06-2025
- Business
- Zawya
Jazeera Airways to restart direct flights to Damascus
Kuwaiti low-cost airline Jazeera Airways is all set to resume direct flights to Syrian capital Damascus from Kuwait city. This comes in response to a strong demand from the large 200,000-strong Syrian expatriate community in Kuwait - one of the largest Middle Eastern communities in the country - as well as increasing interest in re-establishing business, cultural, and familial ties between the two nations, said Jazeera in a statement. Regional carriers across the GCC have already re-established air links with Syria, and Jazeera will also commence flying once it receives the regulatory clearance. The Kuwaiti budget carrier had previously operated flights to Damascus, Aleppo, and Deir Ez Zoor, and is now well positioned to restore this vital connectivity. Announcing this, Chairman Marwan Boodai said: "We are excited to start operating to Syria after a 12-year hiatus. Restoring direct flights to Damascus will provide a critical bridge for thousands of Syrians living and working in Kuwait, while also supporting broader regional efforts to re-engage with Syria." "In line with the wider momentum across the region, we are completely set up and ready to start flying as soon as we receive the required regulatory approvals," he stated. Several GCC nations, including Qatar, UAE and others in the Middle East region such as Jordan and Turkey have already resumed or announced their intentions to resume air connectivity with Syria, recognizing the growing need for regional integration and the normalisation of civil aviation ties, he added. Jazeera Airways said it remains committed to upholding the highest operational and safety standards in line with international aviation protocols. Upon approval, the airline plans to operate direct daily services to Damascus, with further expansions to other Syrian cities also under consideration, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
01-06-2025
- Business
- Zawya
Jazeera Airways gears up to resume direct flights to Damascus
Kuwait City – Jazeera Airways, Kuwait's leading low-cost airline, is all set to resume direct flights between Kuwait and Damascus, Syria. Regional carriers across the GCC have already re-established air links with Syria, and Jazeera will also commence flying once it receives the regulatory clearance. The planned resumption of flights comes in response to a strong demand from the large 200,000 strong Syrian expatriate community in Kuwait—one of the largest Middle Eastern communities in the country—as well as increasing interest in re-establishing business, cultural, and familial ties between the two nations. Jazeera Airways previously operated flights to Damascus, Aleppo, and Deir Ez Zoor, and is now well positioned to restore this vital connectivity. Marwan Boodai, Chairman, Jazeera Airways stated, 'We are excited to start operating to Syria after a 12-year hiatus. Restoring direct flights to Damascus will provide a critical bridge for thousands of Syrians living and working in Kuwait, while also supporting broader regional efforts to re-engage with Syria. In line with the wider momentum across the region, we are completely set up and ready to start flying as soon as we receive the required regulatory approvals.' Several GCC nations, including Qatar, UAE and others in the Middle East region such as Jordan and Turkey have already resumed or announced their intentions to resume air connectivity with Syria, recognizing the growing need for regional integration and the normalization of civil aviation ties. Jazeera Airways is committed to upholding the highest operational and safety standards in line with international aviation protocols. Upon approval, the airline plans to operate direct daily services to Damascus, with further expansions to other Syrian cities also under consideration. About Jazeera Airways Founded in 2004, Jazeera Airways is a leading low-cost carrier based in Kuwait, serving over 5 million passengers across a network of more than 60 destinations in the Middle East, Central and South Asia, Africa, and Europe. Dedicated to offering affordable, high-quality air travel, Jazeera Airways caters to business, leisure, religious, and weekend travellers, all while maintaining the highest standards of safety and customer service. Jazeera Airways currently operates a modern and efficient fleet of 24 Airbus A320ceo and A320neo aircraft, enabling it to optimize fuel efficiency and reduce environmental impact. 26 new aircraft from its orderbook, 18 A320neos and 8 A321neos are expected to arrive 2027 onwards. The only publicly traded airline on the Kuwait Stock Exchange (Boursa Kuwait), Jazeera Airways was recognized as a Fortune 500 Arabia company and named "Great Place to Work" in 2023. A trailblazer in the aviation sector, Jazeera Airways has introduced several digital initiatives to its customer experience and is one of the first to design, build, and operate its own terminal, Jazeera Terminal 5 (T5), at the Kuwait International Airport. For more information visit:
Al Bawaba
01-06-2025
- Business
- Al Bawaba
Jazeera Airways Gears Up to Resume Direct Flights to Damascus
Jazeera Airways, Kuwait's leading low-cost airline, is all set to resume direct flights between Kuwait and Damascus, Syria. Regional carriers across the GCC have already re-established air links with Syria, and Jazeera will also commence flying once it receives the regulatory planned resumption of flights comes in response to a strong demand from the large 200,000 strong Syrian expatriate community in Kuwait—one of the largest Middle Eastern communities in the country—as well as increasing interest in re-establishing business, cultural, and familial ties between the two nations. Jazeera Airways previously operated flights to Damascus, Aleppo, and Deir Ez Zoor, and is now well positioned to restore this vital Boodai, Chairman, Jazeera Airways stated, 'We are excited to start operating to Syria after a 12-year hiatus. Restoring direct flights to Damascus will provide a critical bridge for thousands of Syrians living and working in Kuwait, while also supporting broader regional efforts to re-engage with Syria. In line with the wider momentum across the region, we are completely set up and ready to start flying as soon as we receive the required regulatory approvals.'Several GCC nations, including Qatar, UAE and others in the Middle East region such as Jordan and Turkey have already resumed or announced their intentions to resume air connectivity with Syria, recognizing the growing need for regional integration and the normalization of civil aviation ties. Jazeera Airways is committed to upholding the highest operational and safety standards in line with international aviation protocols. Upon approval, the airline plans to operate direct daily services to Damascus, with further expansions to other Syrian cities also under consideration.
