Jazeera Airways Shareholders Approve Cash Dividends of 35 Fils per Share for 2017

During the company’s 17th Annual General Meeting of Shareholders held today at the company’s headquarters, Jazeera Airways shareholders approved the Board’s recommendation for a cash dividend distribution of 35 fils per share (35% of a share’s nominal value).

The company had reported on February 8th an operating profit for the year of KD7.7 million, and a net profit of KD8.2 million. Other highlights of the year include 11.2% growth in flown passengers, 6.7% growth in load factor, and a high on-time performance of 93%. The airline had also expanded its route network in 2017 with the launch of non-stop flights to Baku, Doha, and Hyderabad, India on the back of a major service upgrade across all customer touch points.

New aircraft interiors, new and stylish crew uniforms, new website and mobile applications supported by a new digital backbone, and a new brand that ties it all together were all launched in 2017.

Jazeera Airways Chairman Marwan Boodai said, “2018 will be no less exciting than 2017, and the Jazeera team is already off to a great start. We’ve launched non-stop flights to the Indian cities of Ahmedabad and Kochi, and I’m pleased to announce today that our very own dedicated terminal will receive its first passengers by mid-May following a record construction period of only 11-months. The state-of-the-art terminal and parking structure marks a significant milestone in the development of the Middle East aviation system. This is the first terminal owned by a non-government-owned airline, and it is a testament to the Government of Kuwait’s belief in empowering the private sector to have an active role in Kuwait’s development plan “Vision: 2035”. We thank the government of Kuwait and the Directorate General for Civil Aviation for their support in this regard.”

“The coming few months will be very active. More new routes, new aircraft additions to the fleet, and new customer-focused services”, said Boodai.