Business | Aviation

Jazeera Airways records market share jump on key routes including Dubai

Budget carrier’s February operational performance report shows passenger numbers rising

  • By Shweta Jain; Senior Reporter
  • Published: 14:26 April 14, 2013
  • Gulf News

Dubai: Jazeera Airways said on Sunday it reported an increase in the number of passengers on Dubai, Amman, Assiut, Jeddah, Luxor, Mashhad, and Sohag routes in February this year over February 2012, thereby also increasing its market share on its key routes.

In its February 2013 operational performance report, with market share figures based on official statistics from Kuwait’s Directorate General for Civil Aviation (DGCA), the Kuwait Stock Exchange-listed budget carrier said it was the leading airline serving the Egyptian destinations of Assiut, Luxor, and Sohag.

“Jazeera Airways’ February market share on these routes was 56 per cent, 73 per cent, and 50 per cent respectively. When comparing these market shares with the same month from last year, the airline’s market share on the Kuwait-Assiut route saw an increase of 10 per cent, Kuwait-Luxor by six per cent, and the Kuwait-Sohag route by 14 per cent, the budget carrier said in a statement.

Tourist destinations

Meanwhile, Jazeera Airways’ market share on high demand tourist and business destinations such as Beirut was at 38 per cent, followed by Amman at 34 per cent, Dubai 14 per cent and Bahrain 11 per cent, the carrier said.

Jazeera Airways’ Chairman, Marwan Boodai, recently told Gulf News in an interview that the airline is mulling an equity stake in Kuwait’s national airline, Kuwait Airways.

Having reported a net profit of 13.9 million Kuwaiti dinars (Dh179.6 million) in 2012, the carrier is targeting yet another profitable year, according to Boodai. He recently said: “We are expecting around 20 per cent jump in our profits for 2013, over the previous year.” The carrier in 2012 carried 1.1 million passengers in total across its network.

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