ID :
59846
Sun, 05/10/2009 - 14:18
Auther :
Shortlink :
https://oananews.org//node/59846
The shortlink copeid
Air Arabia reports first quarter net profit of Dh103 million, up 32 per cent
Sharjah, May 10, 2009 (WAM) - Air Arabia (PJSC), the Middle East and North Africa's first and largest low-cost carrier (LCC), announced today its positive financial results for the three months ending March 31, 2009, demonstrating the strength of its business model despite the extremely challenging global economic conditions impacting the aviation sector worldwide.
Air Arabia achieved a net profit of Dh103 million for the first three months of this year, an increase of 32 per cent compared to Dh78 million during the same period of 2008. The carrier posted a turnover of Dh463 million in the first quarter of 2009, up 21 per cent compared to Dh383 million during the corresponding period of last year.
Air Arabia served a total of 951,000 passengers in the first quarter of 2009, an increase of 26 per cent compared to 757,000 passengers during the same period in 2008. Average passenger seat load factor - or passengers carried as a proportion of all available seats - stood at 81 per cent for the first quarter of this year.
Air Arabia achieved a net profit of Dh103 million for the first three months of this year, an increase of 32 per cent compared to Dh78 million during the same period of 2008. The carrier posted a turnover of Dh463 million in the first quarter of 2009, up 21 per cent compared to Dh383 million during the corresponding period of last year.
Air Arabia served a total of 951,000 passengers in the first quarter of 2009, an increase of 26 per cent compared to 757,000 passengers during the same period in 2008. Average passenger seat load factor - or passengers carried as a proportion of all available seats - stood at 81 per cent for the first quarter of this year.
