Air Arabia posts profit rise for 2013 | GulfNews.com

Air Arabia posts profit rise for 2013 | GulfNews.com:



"Air Arabia announced on Monday a net profit of Dh435 million for the 2013 financial year, a 2 per cent increase compared to the same period in 2012.



The Sharjah-based budget carrier said the slight increase in profit was due to its network expansion strategy, having launched eight new destinations in 2013.



Turnover for the full year ending December 31, 2013, was Dh3.2 billion, up 14 per cent on the same period in 2013.



However, in the last quarter of the year, Air Arabia reported a Dh94 million net profit for the 2013 fourth quarter, up 12 per cent compared to the Dh84 million reported in the same 2012 period. The airline’s turnover for the 2013 fourth quarter was Dh811 million, an 8 per cent increase compared to Dh753 million reported in 2012."



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