12-Apr-2011 4:09 PM
Jazeera Airways forecasts profitable 2011; Royal Air Moroc's first B787s to come before year end
Analysis
Jazeera Airways has announced it expects to be profitable in 2011, despite the unrest in the region and the USD10.1 million loss it suffered in 2010. The carrier returned to profitability in 4Q2010 and aims to be profitable in every quarter this year. The LCC is targetting a local market share of up to 15% in 2011, with fleet expansion to resume in 2012. Jazeera Airways shares were up 3.3% on Monday.
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