Jazeera Airways' turn-around plan produces results

Kuwait’s Jazeera Airways has declared its second consecutive quarter of profitability and its best second half results since 2008. Even so, the turn around has not been enough to offset losses sustained earlier in the year, although the carrier is determined to continue its positive momentum and remain profitable in every quarter in 2011, despite the challenges facing the Kuwait market and broader region. [871 words]

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This report contains the following subheadings:

• Shrinking into profitability
• Yield growth
• Acquisition of Sahaab Aircraft Leasing
• Sustaining the turnaround

This report contains the following charts and tables:

• Jazeera Airways financial highlights: 2010 and 2009 (KWD millions)
• Jazeera Airways capacity: 1Q2009 to 4Q2010
• Jazeera Airways' shares: Sep-2010 to Mar-2011
• Jazeera Airways market share by route
• Jazeera Airways yield: 1Q2009 to 4Q2010
• Jazeera Airways revenue: 1Q2009 to 4Q2010