Jazeera Airways posts 34.7% drop in H1 income

July 24, 2014 3:59 am

Kuwait’s Jazeera Airways has said its operating revenue for the first half of 2014 fell 4.9% year-on-year to KD29.3m and its net income dropped 34.7% year-on-year to KD4.9m, Kuna has reported. “The Group’s performance in the year’s first two quarters continues to be in line with our projections, and though the earnings were lower than last year’s exceptional results due to external factors such as a 10% rise in fuel cost and flight re-routing due to regional unrest, the earnings were the second-highest earnings in the company’s history,” said the airline’s chairman, Marwan Boodai.