Kuwaiti airline Jazeera sees Q1 loss shrink despite slump in passenger numbers - Arabianbusiness
Kuwait-based Jazeera Airways has announced a narrowing of its first quarter net loss despite a big drop in the number of passengers carried compared to a year ago.
The airline reported an operating revenue of KD8.1 million during Q1, adding that the number of passengers flown during the quarter reached 104,116, down from 496,484 in the first quarter of 2020, as restrictions continue at Kuwait International Airport.
The carrier registered a net loss of KD5.2 million, an improvement of 14 percent from a net loss of KD6 million in the first quarter of 2020.
Jazeera Airways chairman Marwan Boodai said: “While restrictions continued at Kuwait International Airport during the quarter, Jazeera focused on connecting flights, targeting underserved segments of passengers within its network, which accounted for 28 percent of total passengers.
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