Air Arabia A320. Air Arabia Group reported a consolidated second quarter net profit of AED49.5 million ($13.5 million), down 44.8% from the AED89.7 million it earned in the year-ago period. But it argued that the “decline in profitability was in line with global industry performance, which continues to be impacted by changing market dynamics, characterized by increases in fuel costs and continuous pressure on yield margins.” Quarterly revenue rose 5.9% to AED485.4 ...

Subscribe to Access this Entire Article

"Air Arabia posts $13.5 million second quarter profit" 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.