(MENAFN- Arab Times) Jazeera Airways Group today announced its second quarter earnings for the year. The company registered a net profit of KD 3.2 million, an increase of 14.2% from the same quarter last year, which brings its half-year net profit to KD 6.2 million, a 27.1% increase from the same period last year. The continued strong growth was driven by an increase in demand and higher load factor, which was up 4.1% compared to the same period last year.
Q2 Highlights:
* Operating revenue: KD 13.8 million, less 1.5% from Q2, 2014
* Operating profit: KD 2.2 million, up 7.3% from Q2, 2014
* Net profit: KD 3.2 million, up 14.2% from Q2, 2014 H1 Highlights:
* Operating revenue: KD 26.6 million, up 0.8% from H1, 2014
* Operating expenses: KD 21.9 million, less 5.8% from H1, 2014
* Operating profit: KD 4.7 million, up 51.0% from H1, 2014
* Net profit: KD 6.2 million, up 27.1% from H1, 2014 Jazeera Airways Group Chairman, Marwan Boodai, said:
* Our continued doubledigit growth despite all the challenges proves that we have the right strategy in place for our market with the right product for our customers, to whom we are very thankful for maki
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