#Kuwait's Jazeera Airways soars to best-ever annual profit - Arabianbusiness

Kuwait's Jazeera Airways soars to best-ever annual profit - Arabianbusiness:

Kuwait-based Jazeera Airways on Tuesday announced an annual net profit of KD14.9 million ($48.9 million), up 124.1 percent compared to the previous year, supported by a surge in passenger numbers.

The airline reported a 20.6 percent increase in number of passengers, reaching 2.4 million, and a 25.9 percent increase in operating revenue to KD103.7 million.

The airline also registered an increase in operating profit by 108.7 percent to KD14.2 million, a 2.3 percent increase in load factor to 77.5 percent.

In the last quarter of the year, the company reported a net loss of KD1.2 million, up from a net loss of KD1.8 million in Q4 2018, while passenger numbers increased by 28.5 percent.