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Jazeera Airways officially inaugurated the Jazeera terminal (T5) at Kuwait International Airport, announcing that it is due to start welcoming passengers through the terminal starting May 22.

Jazeera Airways reported an operating profit of KWD8.3 million (USD27.42 million) during the third quarter of the year (Q3), up 37.8 percent from the same period in 2016, and a net profit of KWD8.2 million (USD27.09 million), reflecting a growth of 35.6 percent, despite a 25 percent increase in fuel costs.

Jazeera Airways’ shareholders approved a board proposal for the distribution of a cash dividend of KWD3 million (USD9.9 million), equivalent to 15 percent of the share’s nominal value, for 2015.