SINGAPORE, 13 February 2025: Jazeera Airways reports a KD10.2 million net profit for 2024, representing a 66.2% increase compared to 2023.
The airline’s operating revenue rose 5.3% to KD208.6 million, while EBIT surged by 46.8% to KD 17.3 million.
Passenger traffic continued its upward trend, demonstrating the most active year on record — exceeding 4.9 million — an increase of 5.1% from 2023, supported by a strong summer travel demand.
The airline also achieved a load factor of 78.4%, reflecting high seat occupancy. In Q4 2024, group operating revenue climbed 15% to KD 45.1 million, with quarterly losses reduced by 41.1% to KD4.2 million, compared to KD7.14 million in Q4 2023.
Financial highlights
Jazeera Airways Chairman Marwan Boodai said: “Jazeera Airways’ strong performance in 2024 reflects our strategic agility, operational excellence, and commitment to our passengers. A significant growth in profit amid industry challenges underscores our resilience and ambition.
“As we drive forward with digital transformation in 2025, we remain focused on enhancing connectivity and customer experience…We are excited for the journey ahead, building on this momentum to deliver greater value and innovation in the coming years.”
2024 operational review
2024 was operationally a record year for Jazeera Airways. With 18,374 aircraft movements, Jazeera was the most active airline at the Kuwait International Airport for the third consecutive year.
Despite geopolitical challenges, regional airspace disruptions, and a global IT outage in peak summer, the airline improved its On-Time Performance (OTP) from 74% in 2023 to 86% in 2024, ensuring reliability for its passengers.
By adding two new routes, Krakow in Poland and Batumi in Georgia, and relaunching flights to Bhairahawa in Nepal, Jazeera expanded its network alongside resuming key seasonal destinations.
The airline strengthened its fleet, adding a new aircraft and acquiring six Airbus A320 CEOs, aiming to reduce costs and mitigate supply chain challenges.
Jazeera Airways is accelerating digital transformation. Fleet optimisation includes shifting to a 180-seat configuration by Q3 2025, with 26 new aircraft arriving from 2027 onwards. Jazeera Terminal 5 upgrades are also planned to support growing passenger demand.
Backed by a solid financial foundation, fleet expansion, and digital innovation, Jazeera Airways is well-positioned for continued growth in 2025, our 20th year of flying and beyond.
