Jazeera Airways profits up 42% in Q1 08,despite record fuel prices

Kuwait and Dubai based Jazeera Airways (KSE: Jazeera, Bloomberg Jazeera KK, Reuters JAZK.KW) today announced that it registered KD 745,815 in profits for the quarter ending on March 31, an increase of 42% over Q1 ’07. 

Marwan Boodai, Chairman and CEO for the only international airline in the Middle East that is neither owned nor subsidized by any government said; “Our strong Q1 results follow the major expansion strategy we pursued in 2007.  We will continue to expand in the rest of ’08, bringing new routes on the back of more aircraft deliveries throughout the year.”

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