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Jazeera Airways Announced Q3 2020 Earnings

Jazeera Airways today announced its earnings for the third quarter (Q3) of this year, which continues to be affected by restrictions imposed on travel due to the Covid-19 pandemic.

Commercial flights at Kuwait International Airport resumed on August 01, with limited capacity and a suspension of flights from 34 countries. This follows a five-month suspension of all commercial flights during March 13 to July 31.

 “With restrictions affecting demand for travel and tourism, Jazeera Airways relocated its efforts to serve ‘Covid-safe’ tourist destinations such as Turkey and Dubai, while also focusing on charter and transit flights that connect cities in Asia to others in the Middle East, which have eased restrictions earlier. We’ve seen demand from large numbers of expatriates who are returning home or are now able to return to their place of work,” said Marwan Boodai, chairman, Jazeera Airways.

 The Company ended the period with a cash balance of KD23,3 million. Operating revenue for nine months of this year was KD32,8 million and the net loss was KD15,5 million.

 Number of passengers flown was 605,877 which include passengers of scheduled commercial flights from January 01 to March 12, as well as passengers of expatriation flights during the suspension period.