Low-cost carrier (LCC) Air Arabia has posted a sharply improved second-quarter performance, which exceeded analysts’ expectations. The Sharjah-based carrier reported a second-quarter net profit of AED173 million ($47 million), more than doubled compared with a net profit of AED76 million in the year-ago quarter. Turnover, at AED915 million, was 15% up on 2013's second quarter of AED797 million. Second-quarter passenger numbers were up 8% to 1.6 million year-over-year. Load factor ...

Subscribe to Access this Entire Article

"Air Arabia boosts 2Q, 1H figures" 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.