Jazeera Airways reports USD6m operating profit in 2Q2016, down 19%

Jazeera Airways revenue down 7% - financial highlights:

• Three months ended 30-Jun-2016:
• • 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:
• • 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