Kuwaiti hybrid carrier Jazeera Airways reported a half-year net profit of KD6 million ($19.9 million), down 3.6% year-over-year (YOY) because of overcapacity in the local marketplace. It achieved the 1H profit figure on revenue of KD24.7 million, down 7.3% YOY. Net profit for 2Q was down 38.1% at KD2 million as yields were squeezed, but chairman Marwan Boodai said he remained optimistic for the remainder of the year. Despite the fall in profit, 2Q had seen higher passenger numbers in both ...

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