Air Arabia Q1 2014 net profit grows 27% to AED 75 million

Air Arabia (PJSC), the largest low-cost carrier (LCC) in the Middle East and North Africa, has reported a net profit of AED 75 million for the three months ending March 31, 2014, representing an increase of 27% compared to AED 59 million reported in the corresponding quarter of 2013. In the first quarter of this year, Air Arabia posted a turnover of AED 827 million, an increase of 14.5% compared to AED 722 million in the same period of 2013. The airline served 1,630,000 passengers in the first quarter of 2014, an increase of 12 per cent compared to the