Budget carrier Air Arabia's Q1 net profit rises 20%

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.

Related:
Topics
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Could the GCC have a free zone-free future?

Could the GCC have a free zone-free future?

Free zones, particularly attached to major ports, have become...

Aviation chiefs call for aircraft tracking upgrade

Aviation chiefs call for aircraft tracking upgrade

The aviation industry has failed to make adequate progress on...

Boeing mulls larger engine for biggest 737 MAX

Boeing mulls larger engine for biggest 737 MAX

Aircraft manufacturer looking at pair of mid-market jets with...

Most Discussed
sponsoredTracking