Kuwait’s Jazeera Airways posted a first-quarter profit of KD2.1 million ($7.4 million), down 41.8% compared to KD3.6 million in the year-ago period. The carrier attributed the profit drop to a combination of factors. Revenue was KD13.8 million, down 6.1%. Jazeera Airways Group chairman Marwan Boodai said the airline saw a 2.1% drop in passenger numbers and a decline in average yield of KD1 as it cut fares to hold onto market share. Although the fall in passenger numbers equated to just ...

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