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

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
How to get the most out of social media, by Obama's 2008 campaign manager

How to get the most out of social media, by Obama's 2008 campaign manager

David Plouffe is credited with Barack Obama’s unlikely 2008 victory...

From bigger, faster and windowless planes to escape pods, pilotless cockpits & virtual reality entertainment: The future of aviation

From bigger, faster and windowless planes to escape pods, pilotless cockpits & virtual reality entertainment: The future of aviation

How will passengers’ flight experience be in the future? Advances...

How Gulf banks are helping to underwrite region's aviation boom

How Gulf banks are helping to underwrite region's aviation boom

Figures from Airbus show that 47% of MidEast aircraft deals in...

2
Most Discussed