Gulf LCC Air Arabia substantially improved its half-year profits, despite continuing economic and geopolitical pressures in the region, the airline said. The Sharjah-based carrier said its first-half net profit was up 47% at AED338 million ($92 million), compared to AED230 last time. It achieved the result on revenue of AED2.17 billion, up 20%. Passenger numbers rose 12% to 5.82 million, while seat factor was 84%. The airline said its 1H performance exceeded market expectations, citing ...

Subscribe to Access this Entire Article

"Air Arabia boosts 1H profit 47% on strong demand" 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? Log in here.