The best is yet to come for Air Arabia - The National

The best is yet to come for Air Arabia - The National:

"It seems like yesterday that the Arab world’s first low cost carrier took to the skies. Fourteen years later, Adel Ali the Bahraini chief executive and British Airways veteran is all smiles. His journey and that of Air Arabia, the largest low-cost carrier in the Middle East and North Africa, haven’t been as choppy like some of the region’s other carriers. The track record of the airline has been impressive. The Sharjah-based carrier has been profitable since it started operations in October 2003. This month it beat analyst estimates and reported a 21 per cent increase in second quarter net profit after serving more than 2.05 million passengers. By comparison Etihad Airways reported a $1.87 billion loss in 2016, Emirates, the largest airline in the world by passenger traffic, reported an 82.5 per cent annual decline in earnings and low-cost carrier flydubai recognised a 69 per cent drop in its 2016 earnings. "



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