Kuwait’s Jazeera Airways posted a net profit of KD15.4 million ($51.3 million) for 2015, reversed from a loss of KD2.8 million in 2014. The 2014 figure was skewed by a major restructuring of the airline that saw it undergoing a sale and leaseback of its fleet to an external lessor. The latest profit was made on revenue of KD58.6 million, down 6.2% compared to 2014’s figure of KD62.5 million. Passenger numbers rose 4.5% to 1.22 million, up from 1.17 million last time, while ...

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