Air Arabia Q1 profit up 27% to Dh75 million on jet fuel gains | GulfNews.com

Air Arabia Q1 profit up 27% to Dh75 million on jet fuel gains | GulfNews.com:



"Air Arabia, the Sharjah-based low cost carrier, on Monday reported a 27 per cent jump in first quarter net profit to Dh75 million on the back of improving jet fuel prices.



“Profit continues to benefit from a more conducive fuel environment,” stated Will Horton, senior analyst at CAPA – Centre for Aviation.



Revenue for the three months ending March 31, 2013, increased 13.5 per cent to Dh827 million, compared to Dh722 million in last year’s first quarter."



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