Air Arabia posts $46 million H1 loss 

UAE-based LCC Air Arabia (PJSC) has made a H1 loss of AED 169 million ($46 million) due to the ongoing impact of COVID 19. The company’s turnover for the first six months of 2020 registered AED 1.021 billion, a drop of 53% compared to AED 2.173 billion in the corresponding period last year. Air Arabia served a total 2.48 million passengers from all its four hubs in the first half of 2020, a drop of 57 per cent compared to first half of 2019. “The first half 2020 results were largely driven by the second quarter that witnessed the most