Jazeera posts record 1Q for third consecutive quarter of profits

Jazeera Airways reported its third consecutive profitable quarter (operating and net) since the introduction of the company's "turn-around plan" in 1Q2011, marking its best ever first quarter performance. The carrier, which was unprofitable in 1Q2009 and 1Q2010, is targetting profitability in every quarter of 2011. It is also aiming for market share of up to 15% in 2011, adding that in 2012 the picture would change with fleet expansion.

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