2-Aug-2016 4:22 PM
Jazeera Airways reports USD6m operating profit in 2Q2016, down 19%
Jazeera Airways revenue down 7% - financial highlights:
- Three months ended 30-Jun-2016:
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- Operating revenue: KWD12.8 million (USD42.5 million), -6.9% year-on-year;
- Operating costs: KWD11.0 million (USD36.5 million), -4.6%;
- Operating profit: KWD1.8 million (USD6.0 million), -18.8%;
- Net profit: KWD2.0 million (USD6.6 million), -38.1%;
- Six months ended 30-Jun-2016:
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- Operating revenue: KWD24.7 million (USD81.8 million), -7.3%;
- Operating costs: KWD21.3 million (USD70.4 million), -3.3%;
- Operating profit: KWD3.4 million (USD11.4 million), -26.2%;
- Net profit: KWD6.0 million (USD19.9 million), -3.6%. [more - original PR]
*Based on the average conversion rate at KWD1 = USD3.31556 for 2Q2016
*Based on the average conversion rate at KWD1 = USD3.31484 for 1H2016