JAZEERA REPORTS PROFITS PREDICTION FOR 2011

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By TESTCustomwebLP TESTCustomwebLP June 16, 2011 13:53

JAZEERA REPORTS PROFITS PREDICTION FOR 2011

Stefan Pichler, CEO of low-fare carrier Jazeera Airways, said he expects the airline to continue its growth and profitability for the rest of the year and that it is well on the way to “sustainable profitability”.

“Going by our quarterly reports, in the third and fourth quarters last year and first quarter this year, we have made profits. We have improved our market share,” he said.

Pichler credited the airline’s flexible network for its ability to avoid disruption from the political unrest in the Middle East and North Africa.
Recording three consecutive positive quarters, Jazeera Airways posted $3.9 million (Dh14.3 million) in net profit in the first quarter of this year. This came after the carrier recorded a net profit of $16 million in third quarter 2010, followed by $7.3 million in the fourth quarter.

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By TESTCustomwebLP TESTCustomwebLP June 16, 2011 13:53
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