Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
Air Arabia reports strong first quarter 2018 net profit of AED110 million, up 8%
 

Sharjah, United Arab Emirates,  May 10, 2018:  Air Arabia PJSC today reported strong financial results for the first quarter of 2018 as the Middle East’s first and largest low cost carrier continued to deliver solid commercial and operational results.  

Air Arabia reported a net profit of AED110 million for the three months ending March 31, 2018, an 8 percent increase compared to the corresponding 2017 figure of AED102 million. In the same period, the airline posted a turnover of AED877 million, an 8 percent increase compared to the first quarter of last year.

More than 2 million passengers flew with Air Arabia between January and March 2018, in line with the record number of passengers carried in the first quarter of last year.

The airline’s average seat load factor – or passengers carried as a percentage of available seats – during the first three months of 2018 stood at an impressive 80 per cent.

Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, said: “We are glad to see Air Arabia’s record 2017 financial results continue with the solid earnings registered in the first quarter 2018.

The strong financial performance for the first quarter is a reflection of the robust business model that we operate and is driven by our clear strategy for growth.

 The strong passenger demand combined with the solid cost control measures that we took in driving cost margins lower continue to positively impact the financial performance of the carrier.”

He added: “As we continue to witness strong customer appeal for our services, we remain committed to investing in innovative and value added products that will provide our customers with unmatchable value while traveling by air.

 We remain optimistic about the prospects of low cost air travel in the wider region and our ability to continue to report sustained profitability and achieve solid growth margins across our network”.  


Air Arabia added three new routes from its hubs in the UAE and Egypt in the first three months of 2018, with flights commencing from Sharjah to Moscow Sheremetyevo in Russia and to Jeddah and Kuwait from Sohag in Egypt.

This was followed by the announcement of new flights from Sharjah to Qabala in Azerbaijan; Izmir and Bodrum in Turkey staring June 2018 and to Grozny in Russia starting April 2018.

The carrier has also received the ‘Corporate Editor Choice Award’ at the 2018 Air Transport Awards demonstrating Air Arabia’s continued commitment to passenger satisfaction and development within the industry.

 


Posted by : Dubai PR Network Editorial Team
Viewed 6783 times
PR Category : Travel & Tourism
Posted on : Thursday, May 10, 2018  2:24:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Turkish Airlines' "Troia” Themed Aircraft is now in the...
Next Story : Airport Show remarkable success
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market [17348-Views]
Festive Gift Sets from Bubble T [16385-Views]
Get Ready for Party Season with Lottie's new make-up hits [16342-Views]
Holiday Gifting Made Easy with Wet n Wild Beauty Specials [15945-Views]
Tissot PR100 Lady Sport – Chic Glamourous Festive Season [15262-Views]
New 1948 Seamaster Watches Join the Ranks' [13884-Views]
Tissot PR100 Lady Sport – Chic Sporty yet Feminine [12871-Views]
Dubai Shopping Festival Wednesday Specials at The Smile Bar [12609-Views]
Interview with Asil Attar, CEO of Al Yasra Fashion [11663-Views]
CITIZEN's “#MyBetterStartsNow” campaign seeks out UAE's inspired and driven individuals [11370-Views]
Extra Fort Automatic continues to set style standards [11334-Views]
Model of the Year Takes Camo to Catwalk Level [10986-Views]
Johnny Depp Wears a Corum Bubble Skull [10852-Views]
DKNY Launches (Limited Edition) Holiday 2018 Collection [10462-Views]
Pure Gold Jewellers celebrates the festive season with new diamond necklace designs on ‘co... [9662-Views]
TIPS & TOES: January 2019 Special Offers [9467-Views]
Winter wool Christmas must- haves [8021-Views]
Samsung Galaxy A9 – Designed to capture the world in its fullest [7338-Views]
Chic and Stylish Wraps with a 3 in 1 effortless concept [6826-Views]
Santa is Coming to Town! [6692-Views]
Michael Kors Collection Transeason 2019 Press Presentation [6686-Views]
Marni Introduces Marni Rothko, A 7-layer Acetate Frame With a Vivid, New Color Palette [6015-Views]
New Menu alert: Moombai & Co. launches exciting and delicious food items to its menu [5716-Views]
9th Edition of China Homelife Exhibition to Have Over 3000 Exhibitors Across Business Sect... [5697-Views]
Els Back for the 30th Omega Dubai Desert Classic Aiming for a Record Fourth Victory [5405-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories