Air Arabia net profit soars by 128% in Q2 | Economy | Saudi Gazette

Air Arabia net profit soars by 128% in Q2 | Economy | Saudi Gazette:



"AIR Arabia (PJSC), the largest low-cost carrier (LCC) operator in the Middle East and North Africa, logged AED 173 million net profit for the three months ending June 30, 2014, an increase of 128 percent compared to AED76 million reported in the corresponding period of 2013.
 



In the second quarter of this year, Air Arabia posted a turnover of AED915million, an increase of 15 percent compared to AED 797 million in the same period of 2013.
 



The airline served over 1.6 million passengers in the second quarter of 2014, an increase of 8per cent compared to the 1.5 million passengers carried in the same period of last year. The airline’s average seat load factor – or passengers carried as a percentage of available seats – during the second quarter of 2014 stood at an impressive 84 per cent."



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