Arab Today, arab today jazeera airways posts kuwaiti dinar 167m net profits 2013
Last Updated : GMT 14:02:48
Arab Today, arab today
Arab Today, arab today

Jazeera Airways posts Kuwaiti dinar 16.7m net profits 2013

Arab Today, arab today

Arab Today, arab today Jazeera Airways posts Kuwaiti dinar 16.7m net profits 2013

Kuwait - KUNA

Jazeera Airways Group, the Kuwaiti leading private low-fare airline, has posted a net profit of KD 16.7 million for 2013, beating once again previous years' record earnings for three years in a row despite ongoing regional political unrest and fuel price volatility. "The year 2013 was an eventful year," Jazeera Airways Chairman Marwan Boodai said in a press statement Tuesday. "In addition to sustaining good results for three years in a row, we were able to secure our funding for three aircraft, essentially closing our lending requirements for two years, we were able to reduce the Group's debt to equity ratio from 1.7 in 2012 to 1.4 in 2013, and to close the year with the best performance in the Group's history." He pointed out that the group's operating revenues in 2013 reached KD 65.6 million, up 4.7 percent from KD 62.6 million in 2012. He estimated the operating profits at KD 20.5 million in 2013, up 11.4 percent from KD 18.5 million in 2012. Moreover, Boodai said that the average yield on each seat of the airline aircraft fleet jumped by 5.1 percent vis-a-vis that of 2012. With regard to the Group's performance in the fourth quarter of 2013, Boodai stated the operating revenues have amounted to KD 14.8 million, up 5.9 percent against the corresponding period of 2012. The operating profits grew to KD 3.4 million compared with KD 3.3 million a year earlier. The net profits hit KD 2.6 million, up four percent versus that of the fourth quarter of 2012, Boodai unveiled. Earlier today, the company's Board recommended cash dividend to shareholders of 15 fils per share, which will be reviewed in the AGM that is due to be held in the next weeks. On the Key developments in 2013, Boodai stated that the Group has secured funding for the three remaining aircraft on an order of 15 A320s. "Jazeera Airways Group received two brand new Airbus A320 from the manufacturer." Established in 2005, Jazeera Airways Group is a Kuwait Stock Exchange-listed company. The company has 14 fully-owned Airbus A320s in operation, distributed between its airline business, Jazeera Airways (eight aircraft), and its fully-owned leasing business, Sahaab Aircraft Leasing (six aircraft). Sahaab has assets placed with Virgin America, Sri Lankan Airlines, Nasair and Jazeera Airways.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jazeera airways posts kuwaiti dinar 167m net profits 2013 Arab Today, arab today jazeera airways posts kuwaiti dinar 167m net profits 2013

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today jazeera airways posts kuwaiti dinar 167m net profits 2013 Arab Today, arab today jazeera airways posts kuwaiti dinar 167m net profits 2013

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday