Jazeera Airways announced a net loss of KD900,000 ($2.96 million) for 1Q 2017 as it continued to be hit by a slowing economic backdrop and excess capacity in the area. The Kuwaiti hybrid carrier achieved the result on revenue of KD10 million, down 15.3% on the same period in 2016. Load factor was 72%, down 0.9% from 1Q 2016. “Our earnings for the quarter were impacted by a continuing slowing macro-economy and that is impacting our sector’s yields, Jazeera chairman Marwan Boodai ...

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