Kuwait's Jazeera Airways to increase fares from March 7

Kuwait's Jazeera Airways has increased fares to all destinations from March 7 due to higher oil prices, it said in a statement on Monday.

The airline said fares for Gulf Arab destinations have increased by 5 dinar ($16.47) per flight, while those for other destinations involving more than 3 hours' flight time have increased by 10 dinar per flight.

"We hope that oil prices will stabilize and fall again with additional supply in the market, at which point we intend to immediately reverse these changes," the company said.

Meanwhile, Kuwait's Jazeera Airways swung to an annual profit in 2021 as it carried more passengers and revenue increased, despite "turbulent" operating conditions in 2020.

Net income for the year reached seven million Kuwaiti dinars ($23.1m), from a loss of 26.4m dinars in 2020, the airline said in a statement. Operating revenue nearly doubled year-on-year to 80.3m dinars as it flew more passengers and filled more seats.

“The challenges that the pandemic brought about in the travel industry in 2020 also opened new opportunities for our airline: cargo operations, charter flights and connecting routes were expanded to benefit our business," said Rohit Ramachandran, Jazeera Airways' chief executive.