A loss of KD1.26 million ($4.39 million) was recently posted by Kuwaiti low-cost carrier Jazeera Airways for the second quarter, subsequent to a restructuring of its network.

The company's chief executive Stefan Pichler expressed that the revenues in Q2 were somewhat affected by the restructuring of the network from a dual hub to a single hub operation.

A net loss of KD897,895 had been posted by Jazeera in the second quarter of 2008.

Via a statement, the company said that KD2.2 million was the net loss suffered by the company in the first half of the present year.

Jazeera commenced operations in 2005. It said that revenues in the first half came in at 20 million dinars; without giving comparative figures.

It was expressed by Jazeera's chairman Marwan Boodai in May that he expected the carrier's 2009 results to exceed the KD4.45 million of net profit it posted in 2008.