Jazeera announces 138% increase in passengers Q2, 2021

Jazeera Airways reported on its financial and operational performance for the second quarter of the year, announcing a 137.7% increase in number of passengers flown with a higher load factor of 51.3% and operating revenue of KD7.4 million.

However, the airline registered a net loss of KD6.5 million for Q2, driven by lower yields as scheduled operations started to return in comparison to Q2 2020 and higher costs due to increase operations and higher fuel prices. Yield decreased from Q2 2020 to the average level of KD68.3.

The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by mid of Q3 2020 and the number of vaccinated in Kuwait improve.

Commenting on the results, Jazeera Airways Chairman, Marwan Boodai said: “Appetite for travel was evident and Jazeera rolled out a series of new destinations by the month of June to cater to the significant demand for popular touristic destinations as well as new places to discover.”

Rolling out its summer schedule with favorite destinations for tourists, Jazeera resumed its services to the Lebanese capital, Beirut, in addition to other popular summer destinations such as Tbilisi (Georgia), Trabzon and Bodrum (Turkey).

Other new services, some never before served by a direct route from Kuwait, comprised destinations that do not require quarantine for vaccinated tourists. These included Tashkent (Uzbekistan), Bishkek (Kyrgyzstan), and Yerevan (Armenia).