Jazeera Airways Surges Most in More Than a Week After Earnings
Jazeera Airways (JAZEERA) KSC rose the most in more than a week as Kuwait’s low-cost airline posted a profit in the first quarter after a loss in the year-earlier period.
The shares rose 3.3 percent, the most since April 25, to 124 fils, at 11:03 a.m. in Kuwait City. Kuwait’s benchmark stock index fell less than 0.1 percent.
Jazeera Airways reported a profit of 1.1 million dinars ($4 million) after a loss of 4.5 million dinars.
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