Jazeera Airways Co. (ksc) · KSE:JAZEERA
Jazeera Airways Co. (ksc) — Jazeera Airways — Q1 2025 Earnings Presentation
21 slides from Jazeera Airways Co. (ksc)'s earnings presentation, May 7, 2025
Slide 1: 1Q25 Earnings Webcast
1Q25 Earnings Webcast 7 MAY 2025
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 1Q25 Operational & 2025 Performance Financial Review Operational & Financial Headlines CEO Introduction Q&A
Slide 5: Operational & Financial Headlines
Operational & Financial Headlines
Slide 6: 1Q25 Operational Headlines
1Q25 Operational Headlines PASSENGERS LOAD FACTOR UTILIZATION YIELD 1Q25: 1,244 k 1Q25: 78.7% 1Q25: 12.2 hrs 1Q25: KWD40.3 +7.7% -0.6% +4.9% +7.7% 1Q24: 1,155 k 1Q24: 79.3% 1Q24: 11.6 hrs 1Q24:KWD37.4 RASK CASK CASK (ex-fuel) 1Q25: 18.1 KWfils 1Q25: 17.1 KWfils 1Q25: 11.9 KWfils +3.6% 1Q24: 18.5 KWf
Slide 7: 1Q25 Operational Headlines
1Q25 Operational Headlines REVENUE OPERATING PROFIT NET PROFIT 1Q25: 53.6 mn 1Q25: KWD6.8 mn 1Q25: KWD4.7 mn 1Q24: 46.4 mn +15.5% 1Q24: KWD1.3 mn +430.7% *1Q24: - KWD2.7 mn +274.8% *Includes fx loss of KWD2.5 mn in March 1Q24
Slide 8: 1Q25 Operational Headlines
1Q25 Operational Headlines CARGO REVENUE 1Q25: KWD641 k 1Q24: KWD466 k +37.4% TOTAL PER = ANCILLARY REVENUE 1Q25: KWD5.8 mn PASSENGER 1Q25: KWD4.6 PASSENGER 1Q24: KWD4.4 mn +30.0% 1Q24: KWD3.8 +20.7% ANCILLARY REVENUE 1Q25: KWD5.1 mn 1Q24: KWD3.9 mn +29.1%
Slide 9: Terminal 5 Performance 1Q25
Terminal 5 Performance KWD3.4 mn KWD2.8 mn KWD2.4 mn 1Q25 Revenue Operating Profit Net Profit 1Q24: KWD3.1 mn 1Q24: KWD2.5 mn 1Q24: KWD2.3 mn +9.7% +10.7% +8.5% Retail Upward review of leases upon renewal Capacity Enhanced scheduling and flow to improve passenger Duty free Expanding product offering
Slide 10: 1Q25 Market Share & Passengers Distribution
1Q25 Market Share & Passengers Distribution MARKET SHARE PASSENGERS GEOGRAPHIC PASSENGERS GEOGRAPHIC DISTRIBUTION – 1Q24 DISTRIBUTION – 1Q25 32.3 % at KWI Egypt, Egypt, 32.3% 15.6% 15.8% Other, 19.8% Other, 26.3% Europe, 4.3% Subcontinent, Subcontinent, 15.6% 15.7% Europe, 29.4% 4.7% GCC, 44.6% GCC,
Slide 11: Operational Performance
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Slide 12: 1Q25 and 1Q24 Destinations
1Q25 1Q24 57 50 Destinations Destinations
Slide 13: Outlook
Outlook
Slide 14: Outlook for 2Q25 and FY2025
Outlook for 2Q25 and FY2025 Largest Hajj season with significant increase in deployment over last year providing a runway into the summer. Positive momentum and yield improvement over 2Q24. The most active summer season on record effective June 2025 releasing over 700k seats into leisure In line wit
Slide 15: Financial Review
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Slide 16: 1Q24 Vs 1Q25 Key Parameters
1Q24 Vs 1Q25 Key Parameters 1Q24 Vs 1Q25 OPERATING PARAMETERS 1Q24 1Q25 CHANGE KWD mn 1Q24 1Q25 CHANGE AVERAGE AIRCRAFT 23.0 24.0 4.3% REVENUE 46.4 53.6 15.5% DESTINATIONS 50.0 57.0 14.0% OPERATING EXPENSES -45.1 -46.8 3.7% REVENUE DRIVERS 1Q24 1Q25 CHANGE OPERATING PROFIT 1.3 6.8 430.7% SEATS 1,455
Slide 17: 1Q25 Financial Performance
1Q25 Financial Performance Revenue was 15.5% higher due to increase in passengers by 7.7% and improved yield by 7.6%, driven by enhanced revenue management and route planning. Operating expenses were only 3.7% higher than 1Q24 despite an 8.3% increase in block hours owing to cost optimization initia
Slide 18: 1Q25 Key Performance Metrics
1Q25 Key Performance Metrics Quarterly Passengers (000) Quarterly Yield (KWD) BRENT Vs. SINGJET Swap (USD/BBL) 44.3 SINGJET Swap BRENT Swap 1,409 42.7 102.4 98.6 40.3 91.7 90.2 88.4 1,247 1,244 37.4 1,154 85.0 81.8 78.7 74.0 75.0 1,108 33.7 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24
Slide 19: Operational Outlook
Operational Outlook FLEET Despite market uncertainty, this is short term tailwind from lower fuel prices Remain agile in deployment, seat densification program will drive revenue and COSTS cost benefits FUEL Focus on LCC DNA, aircraft acquisition delivers savings as Monitor fuel prices with short- p
Slide 20: Q&A
Q&A
Slide 21: Thank You
For more information, please contact Investor Relations investorrelations@jazeeraairways.com Jazeera Airways KSC is listed on the Krishnan Balakrishnan Kuwait Stock Exchange krishnan.balakrishnan@jazeeraairways.com Bloomberg Reuters For latest investor information Jazeera KK JAZK.KW investorrelation