A double digit growth
Jazeera Airways achieved a year-on-year increase of 35.6% in profits to KWD8.2m in the third quarter of 2017. The operating revenues grew by 16.8%, on an annual basis, to KWD21.9m in Q3-17. During the first nine months of 2017, the airline recorded a drop of 20.3% in net profits to KWD9.54m from YTD 2016 (9M/YTD 2016 net results included a one-off KWD2.4m transfer from Foreign Currency Translation Reserve, reclassified to Statement of Income).
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