UAE-based low-cost carrier (LCC) Air Arabia reported a 2016 net profit of AED509 million ($138.6 million), down 4% compared to AED530 million for 2015. Turnover for the full year was steady at AED3.8 billion. The LCC carried 8.4 million passengers, up 12% from 2015. Load factor was static at 79%. This was the second year running the company’s net profits have fallen. The Sharjah-headquartered airline, which has other hubs at Amman, Alexandria, Casablanca and Ras Al Khaimah, said it ...

Subscribe to Access this Entire Article

"Air Arabia net profit down 4% in 2016" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.