JAZEERA POSTS HEALTHY QUARTERLY PROFITS

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By TESTCustomwebLP TESTCustomwebLP August 9, 2011 08:45

JAZEERA POSTS HEALTHY QUARTERLY PROFITS

Jazeera Airways Group has posted three consecutive quarter profits. It posted KD 4.4 million in net profit for the third quarter (Q3) of 2010, KD 2 million in net profit for the fourth quarter (Q4) of 2010, KD 1.1 million in net profit for the first quarter (Q1) of 2011.

Jazeera Airways Group Chairman Marwan Boodai told analysts, “Our continued record-performance is a direct result of the business-enhancement measures we’ve put in place since mid-2010 as part of the Turn-Around Plan.  In addition to reducing cost, the Turn-Around Plan brought more flexibility and efficiency to the business for the long-term. Jazeera Airways Group comprises an aircraft leasing business with assets deployed across the world, and a commercial airline business serving 18 destinations across the Middle East.  The results we’ve announced today reflect the consolidated earnings of both business lines”.

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By TESTCustomwebLP TESTCustomwebLP August 9, 2011 08:45
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