Jazeera Airways rebounded from a second-quarter loss to post a 94 per cent gain in net profits last year.
The budget airline, based in Dubai and Kuwait, has announced a 4.4 million Kuwaiti dinar (Dh54.6m) profit.
Jazeera said it gained through not hedging fuel contracts, allowing it to buy cheaper fuel on the spot markets in the second half of the year as oil prices fell.
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