Jazeera Airways' turnaround continues to show results

A slimmer Jazeera Airways has reported record profits for the three months (second quarter) to 30-Jun-2011, reversing the losses suffered in the same period last year. The carrier achieved a KWD2.2 million net profit, compared to a net loss of KD4.7 million in 2Q2010, despite battling the unrest in the Middle East and higher oil prices. [772 words]

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This report contains the following subheadings:

• 2011 performing above expectations
• A long-term turnaround

This report contains the following charts and tables:

• Kuwait Airways revenue and net profit: 1Q2010 to 2Q2011
• Jazeera Airways yields: 1Q2009 to 2Q2011
• Jazeera Airways net margins: 1Q2010 to 2Q2011