Jazeera Airways Issues Operational Performance Report For February 2011

Freedom Town, Kuwait – April 2, 2011 – Award winning airline Jazeera Airways today issued its monthly operational performance report for the month of February 2011, which revealed that the airline had a continued lead in market share for the 20th month in-a-row ahead of all other Kuwaiti airlines on the majority of routes served during the month.

The monthly report said the airline carried 28,141 passengers between Kuwait and the Levant region, 20,001 passengers between Kuwait and Egypt, and 38,843 passengers between Kuwait and other Gulf countries during the month of February.

The company has secured a month-on-month lead in market share since July 2009 thanks to its expanding value offering to customers. This lead grew stronger with the company’s Turn-Around Plan that was successfully introduced in May 2010 to address the overcapacity in the market, and has consequently beaten analyst expectations for every quarter since then. Jazeera Airways reported a third quarter (Q3) net profit of KD4.4 million, the airline’s best Q3 on record, and a fourth quarter (Q4) net profit of KD2 million, making the second half of 2010 the airline’s best second half since 2008.

The today-issued report is based on data from Kuwait’s Directorate General for Civil Aviation (DGCA). The report does not include the Kuwait-Jeddah and Kuwait-Riyadh routes, where the airline has lower seat-allocation restrictions compared to other Kuwaiti airlines.
Jazeera Airways also captured the largest market share on routes operated between Kuwait and the Levant region with a 31% market share on the Kuwait-Beirut route, a 35% market share on the Kuwait-Amman route, a 44% market share on the Kuwait-Damascus route, and a 100% market share on both the Kuwait-Aleppo and Kuwait-Deir Ezzor routes. Jazeera Airways is the only airline operating between Kuwait and Aleppo, and Kuwait and Deir Ezzor.

Jazeera Airways also captured the largest market share on routes operated between Kuwait and Egypt, grabbing a 49% market share of the Kuwait-Alexandria route, a 78% market share of the Kuwait-Assiut route, a 92.6% of the Kuwait-Luxor route, and a 44% market share of the Kuwait-Sohaj route.

The report also showed that Jazeera Airways was the largest Kuwaiti operator to Bahrain during the month with a 19% market share.

Jazeera Airways operated the month with an on-time performance (OTP) of 94%, making it one of the most punctual airlines in the Middle East.