Jazeera Airways reports loss for 2009

Jazeera Airways has reported the company’s financial results for 2009, registering total revenues of 46.02 million Kuwaiti dinars, and a net loss of 8.2 million Kuwaiti dinars.

Chairman Marwan Boodai commented, “We entered 2009 knowing it would be a challenging year not just because of the financial crisis alone but also the extra capacity that entered the region. With that in mind we chose to stay the course and work to seize a leading market share, which we did by the third quarter when we became the largest operator in Kuwait. Looking back at 2009, it was a year of contradictions; we navigated through a tough business environment and came out the with largest market share in our airline’s history. Throughout it all, we continued to optimise our network in line with market demand.”

In 2009, Jazeera Airways carried over 1.8 million passengers, bringing the total number of flown passengers since the airline’s first flight in late 2005 to 5.2 million passengers.

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