Skip to content Skip to Search
Skip navigation

Kuwait’s Jazeera Airways cuts losses as revenues rise

Jazeera Airways chairman Marwan Boodai said the airline will continue with its digital transformation in 2025 Jazeera Airways
Jazeera Airways chairman Marwan Boodai said the airline will continue with its digital transformation in 2025

Low-cost carrier Jazeera Airways, which trades on the Kuwaiti stock exchange, narrowed its fourth-quarter 2024 loss on rising revenue and operational efficiency.

Net loss narrowed by 42 percent year on year to KD4.2 million ($13.6 million) in the final quarter, as operating revenue climbed 15 percent year on year to KD45.1 million.

Passenger numbers grew 9 percent to 1.25 million, while load factor rose 4 percent to 79.4 percent.

The full-year net profit rose 66 percent year on year to KD10.2 million. Operating revenue rose 5 percent annually to KD208.6 million.

Passenger numbers exceeding 4.9 million, rising 5 percent from 2023, supported by strong summer travel demand. The load factor reached 78.4 percent in 2024, reflecting high seat occupancy.

Despite geopolitical challenges, regional airspace disruptions and a global IT outage during the summer peak, the airline improved its on-time performance (OTP) from 74 percent in 2023 to 86 percent in 2024.

The airline completed the acquisition of six Airbus A320 CEOs, aimed at reducing costs and mitigating supply chain challenges. It will add 26 new aircraft from 2027 onwards.

Jazeera Airways will focus on fleet optimisation this year, including shifting to a 180-seat configuration by the third quarter.