My Account Menu

CAPA Login


Register to trial CAPA Membership!

Kenya Airways adds B737-300 to fleet; Jazeera reports USD15.8m loss

13-Aug-2010

Kenya Airways (-0.5%) added a B737-300 to its fleet, leased from KLM, with the aircraft to be initially used to increase capacity on the Nairobi-Mombasa route.

African shares continued a decline with 1time (-4.1%) down while Lonrho and Comair shares remained stable.

Jazeera Airways (0%) reported a loss of USD15.8 million on Thursday (12-Aug-2010) in the three months ended Jun-2010 and a USD32.2 million loss in the six months ended Jun-2010, compared with losses of USD4.4 million and USD7.8 million, respectively, in the previous corresponding period. The carrier added that total assets increased 119.5% in the period to USD583 million, although shareholders equity decreased 60% to USD36 million.

See related CAPA profile: Financial results

Middle East shares were a mixed bag with Air Arabia (-2.6%) down while Royal Jordanian (+0.6%) and Kuwait National Airways (+1%) shares slightly gained.

Selected African and Middle Eastern airlines share price movements (% change): 12-Aug-2010


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.