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Jazeera 1H profit up nearly 22%

Kuwait-based Jazeera Airways Group recorded a half-year net profit of KD3.8 million ($13.5 million), up 21.8% year-over-year, despite continuing unrest in the region.

Jazeera Airways A320. Courtesy, Airbus Kuwait-based Jazeera Airways Group recorded a half-year net profit of KD3.8 million ($13.5 million), up 21.8% year-over-year, despite continuing unrest in the region. Operating revenue was up 11.8% at KD28.3 million. The Group—made up of Jazeera Airways (J9) and leasing arm Sahaab—gave few individual financial details, although Group CFO Donald Hubbard said J9 contributed 34% of the Group’s KD6.4 million operating profit and ...

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