Jazeera Airways – the most optimistic carrier in the world?

Jazeera Airways CEO, Marwan Boodai, has confirmed the carrier is maintaining its profit forecast of more than USD13.8 million for 2008, implying a fourth quarter profit of at least USD8.3 million – its best for the year, according to the Centre’s estimates. The carrier reported a net profit of USD5.5 million in the first nine months of 2008, up 43.4% year-on-year, helped by a solid third quarter. [846 words]

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This report contains the following subheadings:

• Strong outlook for 2009 despite global economic slump
• Accelerating delivery of two A320s
• Could acquire stake in another airline, if the opportunity is right
• New CEO appointed

This report contains the following charts and tables:

• Jazeera Airways quarterly net profits (USD mill): 1Q08 to 4Q08E
• Jazeera Airways annual net profits (USD mill): 2006 to 2008E
• Jazeera Airways annual passenger numbers (mill): 2006 to 2009F