UAE budget carrier Air Arabia said quarterly net profit rose 11.7 percent, beating analysts' forecasts, as a hike in fuel costs was offset by a rise in number of passengers seeking low-cost flying options.
Air Arabia earned a net profit of 47.7 million dirhams ($13 million) for the first-quarter, it said in a statement on
Sunday, compared with 42.7 million dirhams profit a year earlier.
Revenues for the quarter was 621 million dirhams, an increase of 21 percent to the 513 million dirhams it posted in the same period of 2011.
No comments:
Post a Comment