Jazeera Airways has reported a third-quarter net profit of KD6 million ($19.8 million), down 27% on the year-ago period, as continued low oil prices and fare cuts by competitors took their toll. The Kuwaiti hybrid carrier made its profit on revenues of KD18.8 million, down 10.6% on a year ago. “Our earnings for the quarter came in less than expected even though we carried more passengers and we lifted our load factor,” Jazeera Group chairman Marwan Boodai said. “However, ...

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