Jazeera Airways 1H2014 profit was down by one third, but outlook brightening for second half

Kuwait-based LCC Jazeera Airways reported a 34.7% decrease in net profit in 1H2014, with the tough operating environment in many of the airline's major markets, the rising price of aviation fuel and other externalities contributing to the reduction.

The carrier's focus has been to successfully navigate the regional turbulence and deliver a strong second half of the year, particularly the busy and highly profitable summer travel period. Despite the regional unrest, Jazeera Airways has maintained its 2014 outlook, maintaining the strong run of profitability and improving value for shareholders.

Meanwhile the company's aircraft leasing company, Sahaab Aircraft Leasing, contributed positively to overall group revenue.