Kuwait – May 4, 2017: Jazeera Airways today announced its first quarter financial results, reporting operating revenues of KD10.1 million and a net loss for the quarter of KD0.9 million.

Q1 2017 Highlights:
● Operating revenue: KD10.1 million, down 15.3% from Q1 2016
● Operating result: -KD1.0 million
● Net result: -KD0.9 million
● Load factor: 72%, down 0.9% from Q1 2016

Jazeera Airways Chairman Marwan Boodai said, “Our earnings for the quarter were impacted by a continuing slowing macroeconomy and that is impacting our sector’s yields. The fact that our load factor remained virtually unchanged from the same time last year is a clear indication that demand for our product continues to be strong despite the macroeconomic pressures and the extra capacity that continued to be dumped on our sectors. Looking towards the rest of the year, we are working to counter these external pressures through internal measures. In the next quarter we will launch our overhauled e-commerce platform that is tasked with generating ancillary income and optimizing the booking and payment experience to further differentiate our product. While our previously announced game-changing departure and arrival terminal is progressing on track to accept its first travelers in Q1 2018”.