Jazeera Airways Group Announce Record Net Profit of KD10.6 Million (US$ 38 Million) for 2011 Financial Year

Freedom Town, Kuwait - Jazeera Airways Group today announced its financial results for full year 2011, reporting a record KD10.6 million (US$ 38 million) in net profit for the year with an earnings per share of 0.048 fils, a record KD57.8 million (US$ 207.690 Million) in revenue for the year, up 36% from last year, and a record KD14.9 million (US$ 53.54 million) in operating profit for the year.

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Jazeera Aiways

IATA / ICAO J9 / JZR
Callsign JAZEERA
Founded April 2004 (Commenced Oct 2005)
Hub Kuwait International Airport (Terminal 5)
Headquarters Al Farwaniyah Governorate, Kuwait
Chairman Marwan Boodai
CEO Barathan Pasupathi
Parent Company Boodai Group (Significant stakeholder)
Market Status Listed on Boursa Kuwait (Ticker: JAZEERA)

 

Operational Stats

  • Fleet Size: 24 Aircraft (All Airbus A320 family)

  • Destinations: 60+ across the Middle East, Europe, Central/South Asia, and Africa.

  • Primary Fleet: 13 × A320ceo, 11 × A320neo (with 26+ more on order).

  • Strategic Goal: Expansion to 35 aircraft by end of 2026 and 50+ by 2030.

Service Highlights

  • Model: Low-Cost Carrier (LCC) with a Business Class hybrid option.

  • Dedicated Terminal: Owns and operates Terminal 5 (T5) in Kuwait, providing a faster, streamlined curb-to-gate experience.

  • Onboard Policy: Dry airline (no alcohol served or permitted).

  • In-flight: Features “Jazeera Screens” (wireless IFE) and “Jazeera Café” (buy-on-board).