Jazeera Airways K.S.C.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 02, 2021 at 11:15 pm
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Jazeera Airways K.S.C.P. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was KWD 31.72 million compared to KWD 6.08 million a year ago. Net income was KWD 11.76 million compared to net loss of KWD 5.6 million a year ago. Basic earnings per share from continuing operations was KWD 0.0559 compared to basic loss per share from continuing operations of KWD 0.02797 a year ago. Diluted earnings per share from continuing operations was KWD 0.0559 compared to diluted loss per share from continuing operations of KWD 0.02797 a year ago.
For the nine months, sales was KWD 47.27 million compared to KWD 32.78 million a year ago. Net income was KWD 0.070613 million compared to net loss of KWD 15.54 million a year ago. Basic earnings per share from continuing operations was KWD 0.00034 compared to basic loss per share from continuing operations of KWD 0.07771 a year ago. Diluted earnings per share from continuing operations was KWD 0.00034 compared to diluted loss per share from continuing operations of KWD 0.07771 a year ago.
Jazeera Airways Co KSCP is a Kuwait-based public shareholding company engaged in the business of air transportation and commercial passenger services. The Company operates in two business segments: Passenger airline service and Leasing of aircraft. The Company operates a fleet of Airbus A320 aircrafts flying to 18 destinations across the Middle East, including Dubai, Bahrain, Beirut, Alexandria, Amman, Damascus, Istanbul, Sharm El Sheikh, Assiut, Aleppo, Deir Ezzor, Luxor, Mashhad, Sohag, Jeddah, Riyadh, Kuwait and Cairo. The Company has two wholly owned subsidiaries, Al Sahaab Aircraft Leasing Company WLL, a Kuwait limited liability company engaged in leasing of aircraft and engines, and Sahaab Aviation LLC (Trustor).
JAZEERA AIRWAYS K.S.C.P. 
