21 slides from Jazeera Airways Co. (ksc)'s earnings presentation, Aug 11, 2026
Slide 1: 2Q26 Earnings Webcast
2Q26 Earnings Webcast 11 AUGUST 2026
Slide 2: Starting Shortly...
Starting Shortly...
Slide 3: Disclaimer
Disclaimer The content and information of this document is only intended to provide users with financial and operational information about Jazeera Airways. No warrant or representation is made by Jazeera Airways for the contents of this document and in no way is the material provided in it intended
Slide 4: Agenda
Agenda Outlook for 3Q26 Operational Performance Financial Review Operational & Financial Headlines CEO Introduction Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 2Q26 Operational Headlines
2Q26 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 2Q26: 607 k 2Q26: 76.5% 2Q26: 7.9 hrs 2Q26: KWD116.6 2Q25: 1,020 k -40.6% 2Q25: 72.0% +4.5% 2Q25: 11.2 hrs -29.5% 2Q25: KWD47.7 +144.7% RASK CASK CASK (ex-fuel) 2Q26: 33.3 KWfils 2Q26: 28.8 KWfils 2Q26: 20.2 KWfils +99.3% +74.0% +68
Slide 7: 1H26 Operational Headlines
1H26 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1H26: 1,532 k 1H26: 79.1% 1H26: 8.6 hrs 1H26: KWD75.6 1H25: 2,265 k -32.3% 1H25: 75.5% +3.6% 1H25: 11.7 hrs -26.3% 1H25:KWD45.1 +67.6% RASK CASK CASK (ex-fuel) 1H26: 27.1 KWfils 1H26: 25.5 KWfils 1H26: 18.7 KWfils +55.5% +51.6% +56.
Slide 8: 2Q26 Financial Headlines
2Q26 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 2Q26: KWD70.7 mn 2Q26: KWD11.7 mn 2Q26: KWD9.6 mn 2Q25: KWD48.6 mn +45.5% 2Q25: KWD4.8 mn +141.8% 2Q25: KWD4.8 mn +99.2%
Slide 9: 1H26 Financial Headlines
1H26 Financial Headlines REVENUE OPERATING PROFIT NET PROFIT 1H26: KWD115.8 mn 1H26: KWD13.8 mn 1H26: KWD8.6 mn 1H25: KWD102.2 mn +13.4% 1H25: KWD11.6 mn +19.0% 1H25: KWD9.6 mn -10.3%
Slide 10: 2Q26 and 1H26 Ancillary Revenue
2Q26 Ancillary Revenue Total PER ANCILLARY REVENUE PASSENGER 2Q26: KWD12.1 mn 2Q26: KWD19.9 2Q25: KWD6.8 mn +77.7% 2Q25: KWD6.7 +198.9% 1H26 Ancillary Revenue Total PER ANCILLARY REVENUE PASSENGER 1H26: KWD15.4 mn 1H26 : KWD10.1 1H25: KWD12.9 mn +19.8% 1H25 : KWD5.7 +77.0%
Slide 11: 1H26 Market Share & Passengers Distribution
1H26 Market Share & Passengers Distribution MARKET SHARE PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC DISTRIBUTION – 1H25 DISTRIBUTION – 1H26 35.9 % at KWI Other, Other, 35.9% 17% 15% Europe, GCC, 29% 29.5% Europe, 5% 7% GCC, 36% Egypt, 27% Egypt, 22% Subcontinent, Subcontinent, 19% 24% 1H25 1H26
Slide 12: 1H25 vs 1H26 Destinations
New Routes Milan Bergamo Aleppo 1H25 1H26 66 73 Destinations Destinations
Slide 13: Market Performance & Outlook
Market Performance & Outlook
Slide 14: Operational Outlook
Operational Outlook GEOPOLITICAL UNREST The ongoing risk to operational planning and forecasting remains. COSTS MARKET SHARE Ongoing cost reduction efforts post opening of airport. Jazeera was the largest operator out of Kuwait International Airport in 1H26. NETWORK LEADERSHIP Strong VFR and labor d
Slide 15: Financial Review
Financial Review
Slide 16: 2Q26 & 1H26 Key Parameters
2Q26 & 1H26 Key Parameters 2Q25 Vs 2Q26 1H25 Vs 1H26 OPERATING PARAMETERS 2Q25 2Q26 CHANGE OPERATING PARAMETERS 1H25 1H26 CHANGE AVERAGE AIRCRAFT 24.0 22.7 -5.3% AVERAGE AIRCRAFT 24.0 22.9 -4.7% DESTINATIONS 61 55 -9.8% DESTINATIONS 66 73 10.6% REVENUE DRIVERS 2Q25 2Q26 CHANGE REVENUE DRIVERS 1H25 1
Slide 17: 2Q25 Vs 2Q26 Financial Performance
2Q25 Vs 2Q26 Financial Performance 2Q25 Vs 2Q26 KWD mn 2Q25 2Q26 CHANGE • Revenue is higher by 45.5% driven by a constrained capacity REVENUE 45.5% environment and rational market pricing. 48.6 70.7 • Operating expenses were higher by 34.9% primarily driven by higher OPERATING EXPENSES - 43.8 -59.1
Slide 18: Key Performance Metrics
2Q25 Key Performance Metrics Quarterly Passengers (000) Quarterly Yield (KWD) BRENT Vs. SINGJET Swap (USD/BBL) 1,455 116.6 SINGJET Swap BRENT Swap 1,308 1,308 159.7 1,020 86.1 88.2 88.2 81.1 46.5 47.0 96.9 607 35.6 35.6 66.8 68.2 63.1 63.1 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25 4Q25 1Q26 2Q26 2Q25 3Q25
Slide 19: Mission Barakah – Thank You
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Slide 20: Jazeera
-éyjall Jazeera.
Slide 21: Thank You
For more information, please contact Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSCP is listed on the Andrew Littledale Kuwait Stock Exchange Andrew.Littledale@jazeeraairways.com Bloomberg Reuters For latest investor information Jazeera KK JAZK.KW investorrelations.jazee