Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
Jazeera Airways announces FY2017 financial results
 
Jazeera Airways announces FY2017 financial results
Board recommends dividend of 35 fils per share
 
Kuwait - Feb 8, 2017:  Jazeera Airways KSC (Jazeera) today announced its 2017 full-year financial results. The company reported an operating result of KD7.7 million, and a net profit of KD8.2 million. 
 
FY2017 Financial Highlights: 
  • Operating revenue: KD56.6 million, up 7.3% from FY2016
  • Operating profit: KD7.7 million, down 12.1% from FY2016
  • Net profit: KD8.2 million, down 23.7% from FY2016 (FY2016 net profit included a one-off KD 2.4 million transfers from foreign currency translation reserve that were reclassified to Statement of Income)
FY2017 Operational and Business Highlights
  • Route Expansion: 3 new destinations launched (Doha, Baku, and Hyderabad, India)
  • Load factor: 73.9%, up 6.7% from FY2016
  • Aircraft utilization: 10.9 hours, up 6.9% from FY2016
  • Brand and customer experience: Introduced a series of brand upgrades, including revamped brand architecture, new aircraft interiors, and new digital infrastructure for better customer customer experience from booking to flight.
Jazeera Airways Chairman Marwan Boodai said, “The year 2017 was a transformational year for customer experience enhancements both on-ground and in-the-air. We unveiled a new brand across all customer touchpoints, invested heavily in our digital platform for better revenue management and an engaging customer experience, and rolled out completely new interiors for our fleet. The year 2018 will be no less transformational. Our dedicated terminal, currently under construction, will be launched in Q1 to coincide with our network expansion as we introduce a series of five new destinations in the first half of the year, including Kochi and Ahmedabad (both already launched in January), Lahore, and Tbilisi”.   


Posted by : Dubai PR Network Editorial Team
Viewed 38247 times
PR Category : Travel & Tourism
Posted on : Thursday, February 8, 2018  4:02:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : DAFZA and International Center of Islamic Economy launch the...
Next Story : The Emirates Group Signs MoU with the Government of Andhra P...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty [11700-Views]
Matthew Fitzpatrick Wins the 2018 Omega European Masters [11602-Views]
Introducing New Make-up From Rodial That You Need In Your Kit [11468-Views]
Rado reimagines a bold 1960s classic for the 21st Century [9235-Views]
Scuderia Ferrari presents Fall winter collection [9156-Views]
NARS Erdem SS19 Beauty Report [8985-Views]
Introducing VK Beauty Lounge & Bar [8766-Views]
Alina Anwar Couture Launches in UAE [8333-Views]
Introducing Home Fragrance at Robinsons, Dubai Festival City [8308-Views]
Diana Arno Expands Online Shopping to Middle East [8095-Views]
Defying Age With Skin Republic's Gold and Platinum Face Masks [7424-Views]
British Classics Make a Comeback in Jack Wills AW18 Collections [7418-Views]
The Future Is Here [7149-Views]
Roberto Cavalli's Exclusive Duo of Fragrances [7076-Views]
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabbana Collect... [6216-Views]
Lacoste.12.12 Collection [5795-Views]
Trevor Sorbie Range Relaunches in the UAE [5667-Views]
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Limited-Editi... [5014-Views]
GROHE Smart Home: The App-Controlled Water Security System [5014-Views]
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row [4685-Views]
FOREO To Attend TFWA: the World's Largest Travel Retail Show [4624-Views]
William Collection by Hugo Boss [4465-Views]
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October [4435-Views]
Al-Futtaim Toyota swoops another win at the Filipino Times Awards [4422-Views]
PAN Emirates bedroom festival with discount up to 70% [4038-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories