-Captures 44% share of air travel between Damascus and Kuwait in February REPORT SUMMARY:
- #1 in Market share vs Kuwaiti airlines on most routes
- 94% On-time performance
- Largest operator between Kuwait and Egypt
- Largest Kuwaiti operator between Kuwait and Bahrain, and second largest out of all seven operating airlines
- Largest Kuwaiti operator between Kuwait and Jordan, and second largest out of all three operating airlines
- Largest Kuwaiti operator between Kuwait and Dubai, and second largest out of all seven operating airlines
- Total 89,661 passengers carried network-wide in February
- Total 20,001 passengers carried between Kuwait and Egypt in February
- Total 28,141 passengers carried between Kuwait and the Levant region in February
- Total 38,843 passengers carried between Kuwait and other Gulf cities in February
Freedom Town, Kuwait – April 2, 2011 – Award winning airline Jazeera Airways, today issued its February 2011 operational performance report, which showed it has closed another month as the largest airline connecting Syrian cities to Kuwait, capturing a 44% of air travel between Damascus and Kuwait, a 100% of air travel between Aleppo and Kuwait, and 100% of air travel between Deir Ezzor and Kuwait.
Jazeera Airways carried a total of 14,631 passengers between Syria and Kuwait in the month. The airline operates two flights a week between Aleppo and Kuwait, ten flights a week between Damascus and Kuwait, and four flights a week between Deir Ezzor and Kuwait.
Network-wide, Jazeera Airways had carried 89,661 passengers in February, securing it 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.
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. In addition to the Syrian routes, Jazeera Airways also captured the largest market share on routes operated between Kuwait and the Levant region with a 31% share of travel between Beirut and Kuwait, a 35% share of travel between Amman and Kuwait. Jazeera Airways also captured the largest market share on routes operated between Kuwait and Egypt, grabbing a 49% share travel between Alexandria and Kuwait, a 78% share of travel between Assiut and Kuwait, a 92.6% share of travel between Luxor and Kuwait, and a 44% share of travel between Sohaj and Kuwait. The report also showed that Jazeera Airways was the largest Kuwaiti operator between Bahrain and Kuwait during the month, with a 19% market share. Jazeera Airways operated the month with an on-time performance of 94%, making it one of the most punctual airlines in the Middle East.
Jazeera Airways market share report for February 2011
| Route | Jazeera Airways Market Share |
| Alexandria route (ALY+ HBE) | 49% |
| Amman route | 35% |
| Aleppo route | 100% |
| Assiut route | 78% |
| Bahrain route | 19% |
| Beirut route | 31% |
| Damascus route | 44% |
| Deir Ezzor route | 100% |
| Doha route | 10% |
| Dubai route | 15% |
| Istanbul route | 6% |
| Luxor route | 93% |
| Mashhad route | 26% |
| Sharm El Sheikh route* | 7% |
| Sohaj route | 44% |
Source: Kuwait Directorate General for Civil Aviation, February 2011 passenger movement report. *Sharm El Sheikh and Istanbul are seasonal routes that stopped operating in early February, to resume operations in May 2011. Winner of Arabian Business Magazine’s ‘Best in Aviation 2010’ award and Gold Winner of Magnum Opus 2010 awards, Jazeera Airways operates to 17 destinations across the Middle East and North Africa during the summer season of 2011.