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

Jazeera Airways Airbus A320-214 F-WWBH (9K-CAI) (msn 3919) XFW (Gerd Beilfuss), originally uploaded by Airliners Gallery.

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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This entry was posted in Jazeera Airways and tagged Jazeera Airways on February 26, 2011 by Bruce Drum.

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