Jazeera Airways Group has announced a nine month net profit of KD9.2m and third quarter (Q3) net profit of KD6.1m, up 36% from Q3 2010.
During the third quarter 2011, operating expenses were KD11.8m, a marginal increase of 11% from Q3 2010, with operating profit up121% to KD7.5m. Average yield was also up, by 42% over Q3 2010 results.
Over the nine month period to date, Jazeera posted operating revenues of KD44.5m, up 40% from the same period a year ago. And operating expenses were down KD2.7m to KD32.5m. Operating profit was KD12.1m compared to an operating loss of KD1.7m in 2010, while net profit was KD9.2m, compared to a net loss of KD4.8m in 2010