Kuwait-based Jazeera Airways has reported an operating revenue of KD8.1 million during the first quarter of 2021 (Q1 2021), with number of passengers flown during the quarter down to 104,116, from 496,484 in Q1 2020, as restrictions continue at Kuwait International Airport.
Jazeera has posted a net loss of KD5.2 million for the quarter, although this is a 14% improvement from a net loss of KD6 million in Q1 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.
"The airline also launched two new destinations and acquired six new traffic rights as it prepares to launch new routes in the summer season. Overall, Jazeera acquired the largest market share at KWI during the month of March despite limited capacity.”
As the rollout of the vaccination accelerates in Kuwait and worldwide, Boodai expects demand to return.
“As we take the next step, Jazeera is equipped with a strong financial position and an experienced team that continues to deliver excellence and a fast turnaround in challenging circumstances and in every aspect of our business. The airline has a solid portfolio of travel rights, an efficient fleet and a network that connects passengers from point to point,” he said. “Our outlook on demand for travel remains positive and we expect a recovery starting from the last quarter of the year.”