Subscribe Free
in Business & Finance

Air Arabia reports net profit of AED 245 million in first half of 2016

Posted 11 August 2016 · Add Comment

Air Arabia has reported strong financial results for the first half of 2016 ending June 30, 2016.

Air Arabia reported a net profit of AED 245 million for the first half of 2016 ending June 30, 2016, an increase of 3.5 per cent compared to the AED 237 million reported for the same period last year. The company’s turnover for the first six months of 2016 reached AED 1.84 billion, compared to AED 1.75 billion in the corresponding period last year, an increase of 5.5 per cent.

Marking robust growth in passenger demand, Air Arabia flew 4.1 million passengers during the first half of 2016 – up 14 per cent on the corresponding period last year. The airline’s average seat load factor for the first six months of 2016 - passengers carried as a percentage of available seats – stood at impressive 79 per cent.

Sheikh Abdullah Bin Mohamed Al Thani, chairman of Air Arabia said: “Air Arabia’s strong financial results are a testament to the airline’s unwavering commitment to delivering on its value-added proposition for customers combined with its operational efficiency and the effectiveness of its wider growth strategy. Despite the continuous pressure on yield margins that airlines are witnessing and the challenges associated with the regional economic outlook, Air Arabia continues to deliver solid financial performance and momentum growth”. He added: “We remain optimistic about the outlook of low-cost travel in the wider region as we continue to focus on further expanding our network and operational efficiency as well as leveraging on emerging travel trends by delivering even more value to our customers”.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Bahrain all set to unblock the Combi

Visitors to next year's Bahrain International Airshow could well get their first view of the new PEMCO B737-700FC FlexCombi. Barbara Saunders reports.

Turkish Airlines to order 20 + 20 787-9 Dreamliners

During Turkish President Recep Tayyip Erdoğan's visit to New York to join the United Nations General Assembly, Boeing and Turkish Airlines announced a commitment to order 40 787-9 Dreamliners.

University of South Wales launches aviation engineering education at Dubai South

The University of South Wales (USW) has announced that it will deliver degrees to aerospace engineering students as a key partner at the UAE's new Dubai South development.

Abu Dhabi Airports achieves 65% increase in operating profit this year

Abu Dhabi Airports has announced that it has achieved 65% increase in earnings before interest, depreciation and amortization (EBIDA)/ operating profit during the January-August period this year compared to the same period in 2016.

University of South Wales to deliver engineering degree courses in UAE

The University of South Wales (USW) is to deliver degrees to aerospace engineering students as a key partner at the UAE's new Dubai South development.

Saudia and SITAONAIR deliver unique inflight Wi-Fi Pax Ex with Internet ONAIR

Saudia and SITAONAIR are activating fresh functionalities for personalising the onboard digital journey.



Aviation Africa SK18418
See us at
Global Aerospace BT28218DASAS BT3006161117DAS BT1105161117Commercial Aircraft Financing BT2017Aviation Africa BT18418AIMA Africa 2017Aviation Show 267291117AIME BT1204240118DIAC BT1105121117