Jazeera Airways Group today announced a record net profit of KD8.1 million for Q3 2014, up 22.6% from Q3 2013’s KD6.6 million, making it the company’s best quarter in history. This is the company’s 17th quarter of straight profitability, of which 13 had record net earnings.
Jazeera Airways Group Chairman, Marwan Boodai, said, “Despite the continued political unrest in several areas of our network, the company managed to deliver the best earnings in the history of our nine-year old airline. That’s not to say that Jazeera Airways wasn’t impacted by the rise of hot spots in our region. In fact, like many of our peers, some of the destination flights paths had to be rerouted to ensure the safety of our passengers and crews, and that resulted in more flying hours. However, thanks to our team’s dynamic capacity management and resource planning, we were able to absorb the impact in Q3 while registering 10.8% growth in flown passengers and a 22.6% growth in profitability.”