Kuwait’s Jazeera Airways says it has increased its market share on five major routes in the third quarter of 2011, compared with the same time in 2010.
The airline increased its market share to 34 per cent on its route to Beirut; to 82 per cent on the Luxor route; to 68 per cent for Sharm el-Sheikh; to 17 per cent for Jeddah; and up to 49 per cent on its Damascus route.
Jazeera Airways launched a new route to Cairo on 18 May. It had achieved a 30 per cent market share by July.
“We are glad to report higher market share on key summer routes. Even more so, we are especially excited about getting almost one third of the Cairo-Kuwait market with just 10 weeks of operation,” says Martin Aeberli, vice-president for revenue management and network planning at Jazeera Airways.
The airline carried more than 344,000 people during the third quarter. This brings the total number of passengers using Jazeera this year to more than 780,000.
In 2010, the airline carried 1.3 million passengers. The airline also had a strong second quarter, achieving an $8m net profit (MEED 9:8:11).