Jazeera Airways posts a $7.15 million net profit in the second half of 2010

Jazeera Airways (Kuwait City) reversed course and posted a $7.15 million net profit in the second half of 2010.

In 2009, the young airline was forced to terminate its new hub at Dubai. Jazeera changed its business plan by concentrating on its Kuwait City hub. In the first half of 2010, this new plan proved unprofitable as the Kuwait hub suffered from overcapacity. However the company has now been able to produce a profit with this plan.

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Copyright Photo: Gerd Beilfuss. Please click on the photo for additional information.