Tuesday 24 April 2018

Air Arabia's Q1 net profit rises 20pc

Dubai, May 13, 2013

Budget airline Air Arabia , UAE's only publicly-listed carrier, reported a 20 percent rise in first quarter net profit, it said on Monday.

The Sharjah-based airline made a net profit of 59 million dirhams ($16.06 million), compared with 49 million dirhams in the same period in 2012, it said in a statement.

Revenue for the quarter rose 22 percent to 722 million dirhams, Air Arabia said, adding passenger traffic during the period was up 18 percent. – Reuters


Tags: UAE | Sharjah | Air Arabia | budget airline |

More Travel, Tourism & Hospitality Stories

calendarCalendar of Events