13-Aug-2010 12:39 PM

Jazeera Airways' losses widen in 2Q2010 and 1H2010

Jazeera Airways reported a loss of USD15.8 million 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 (Reuters/AFP/Emirates 24/7/Agence France-Presse, 12-Aug-2010). The carrier added that total assets increased 119.5% in the period, to USD583 million, although shareholders equity decreased 60% to USD36 million.