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.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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