Air Arabia Q2 net profits climb 31%

In the three months ending June 30, 2012, Air Arabia reported a net profit of AED 66million, an increase of 31% compared to AED 51 million in the corresponding period in 2011. Revenue during the period rose by 23% to AED 729 million. The airline carried 1.3 million passengers in the second quarter of 2012, an increase of 15% compared to the same period last year. Air Arabia’s average seat load factor was 85%, a rise of 3% on the same period last year. “Air Arabia’s expansion strategy and efficient operating model continue to be reflected in the airline’s financial