Sharjah-based low-cost carrier (LCC) Air Arabia posted a first-quarter net profit of AED114 million ($31 million), up 34% compared to a AED85 million net profit in the year-ago quarter. First-quarter revenue was AED946 million, up 7% year-over-year (YOY). The carrier said the results exceeded analysts’ expectations. The LCC carried 2.1 million passengers in the first quarter, traditionally the quietest period of the year, up 17% YOY. Load factor was steady at 81%. Air Arabia ...

Subscribe to Access this Entire Article

"Air Arabia 1Q profits up 34%" 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?

Already registered? here.