Airport closure and fuel costs drag on Jazeera Airways profit

Jazeera Airways reports 10.3 percent decline in H1 2026 profits - Times Kuwait

Jazeera Airways today announced its financial results for the first half of 2026, reporting a 10.3% year-on-year decline in net profit to KD 8.6 million, as significantly higher fuel prices and reduced operating capacity offset the benefits of stronger yields during one of the most challenging operating periods in the airline’s history. The temporary closure of Kuwait International Airport from 28 February, followed by ongoing operational restri…

Airport closure and fuel costs drag on Jazeera Airways profit

Kuwait’s Jazeera Airways reported weaker first-half 2026 earnings, blaming reduced operating capacity and higher fuel prices. The temporary closure of Kuwait International Airport from February 28 – at the start of the US- Iran conflict – and subsequent operational restrictions disrupted the listed airline’s network and curtailed capacity for much of the period, the budget carrier said in a statement. Net profit fell 10 percent year on year to K…