Air Arabia Q1 profit up

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By TESTCustomwebLP TESTCustomwebLP May 11, 2015 12:06

Air Arabia Q1 profit up

Air Arabia has reported a 13% increase in net profit to Dh85 million for the three months ending March 31, compared to the Dh75 million it reported during the same period last year. Revenue rose 7% to Dh886 million, compared to Dh827 million in the same quarter last year.

Passenger numbers rose 10% to 1.8 million, with an average load factor of 81%.

“We are delighted to record another quarter of strong performance across our operations, with Air Arabia maintaining its steady, long-term growth trajectory,” Shaikh Abdullah Bin Mohammad Al Thani, Air Arabia’s Chairman, said.

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By TESTCustomwebLP TESTCustomwebLP May 11, 2015 12:06