Jazeera Airways posts loss for 2009
Published by Irhal
March 29 - Kuwaiti-based low-cost carrier, Jazeera Airways, has posted a loss of $28.5 million for 2009 as compared to a net profit of $15.6 million in 2008. The company said the losses were the result of the recession. The airline’s assets rose $256 million at the end of last year compared with $253.5 million in 2008, as reported on the Kuwait Stock Exchange’s website. Shareholder equity dropped sharply to…
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