Kuwait's Jazeera Airways said it posted an $8.7 million profit in 2006, its first full year of operations, after breaking "Middle East governments' 50-year monopoly of the aviation sector." Jazeera, which applied for a listing on the Kuwait Stock Exchange last month (ATWOnline, March 20), reported revenue of $74.5 million on passenger boardings of 600,618. Load factor was 67%. Its first flight was Oct. 30, 2005. It now operates five A320s to 20 destinations through its Kuwait and Dubai hubs ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.