Air Arabia records 39pc growth in net profit
Tuesday, 5 August 2008
ABU DHABI, Aug 4 (Xinhua): Air Arabia, a low-cost airline of the United Arab Emirates (UAE), announced yesterday a net profit of 160 million dirhams (43.6 million US dollars) for the first half of 2008, growing by 39 per cent over the same period of 2007, the official Emirates News Agency reported.
In the first six months of 2008, the Sharjah-based airline achieved a turnover of 871 million dirhams (237 million US dollars), representing an increase of 70 per cent compared with 513 million dirhams (140 million US dollars) in the corresponding period of last year.
The number of passengers served by Air Arabia in the first half of 2008 reached 1.6 million, up 33 per cent compared with 1.2 million passengers in the same period of 2007.
The airline's average seat factor, which means passengers carried as a proportion of available seats, stood at 86 per cent for the first half of 2008, up 3.6 per cent compared with the same period of 2007.
In the first six months of 2008, the Sharjah-based airline achieved a turnover of 871 million dirhams (237 million US dollars), representing an increase of 70 per cent compared with 513 million dirhams (140 million US dollars) in the corresponding period of last year.
The number of passengers served by Air Arabia in the first half of 2008 reached 1.6 million, up 33 per cent compared with 1.2 million passengers in the same period of 2007.
The airline's average seat factor, which means passengers carried as a proportion of available seats, stood at 86 per cent for the first half of 2008, up 3.6 per cent compared with the same period of 2007.