Despite reducing flights to Syria this year, it continues to post record quarterly results
Jazeera Airways has managed to attain profitability again and maintain continued growth since the third quarter of 2010. Despite reducing flights to Syria this year, it continues to post record quarterly results. As a private airline, Jazeera does not receive the government support granted to some Middle Eastern carriers. It has to ensure it delivers profits to its shareholders. Large state-backed airlines argue that the benefits they bring to the wider economy outweigh the need to generate huge profits.
With that in mind, Jazeera pays close attention to its destination network, only looking to offer routes that are economically viable rather than being fuelled by political motivations. The success of its rights issue and its new profitability strategy will determine whether the airline continues to drive the move towards greater privatisation of the region’s aviation sector, or whether other airlines will take the lead
Jazeera Airways profile
.
You might also like...
Qiddiya evaluates multipurpose stadium bids
26 April 2024
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
Countries sign Iraq to Europe road agreement
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.