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 3154 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
Meet the FOREO family as they share their top tips for radiant skin during the holy month [12542-Views]
Three Trends to Try with Palladio Beauty [9083-Views]
bebe Launches First Ever Ramadan Capsule Collection [7924-Views]
Max Fashion Reveals Latest 2018 Fashion Trends at Exclusive Trunk Show [7607-Views]
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series [7564-Views]
Care for your baby's sensitive skin with Corine de Farme [7540-Views]
Ramadan-Inspired Sandro SS18 Pieces [7302-Views]
New Master Maserati Driving Courses for 2018 [7003-Views]
Spinneys Puts Local Food Heroes in the Spotlight this Ramadan [6838-Views]
Do Explore More with Pandora [6832-Views]
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan [6759-Views]
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched [6545-Views]
Marchon Eyewear New Collections [6411-Views]
Get Voluminous Eyelashes and Eyebrows with Rodial's Lash and Brow Booster Serum [6356-Views]
Global Light and Power Celebrates 10 Years with the Opening of their New Showroom in Dubai [6350-Views]
Mads Mikkelsen Spotted on Red Carpet at Cannes Wearing Ulysse Nardin Masterpiece [6314-Views]
RAK Diabetes Center in Jumeirah offering Free Lifestyle wellness checks and Diet Consultat... [6259-Views]
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening of Her Fl... [6155-Views]
Caudalie The Cleansing Collection [6082-Views]
Pottery Barn Kids Launches Baby Registry Service to Welcome Newborns [5923-Views]
Make Ramadan Better With the Gift of Sharing [5539-Views]
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish [5441-Views]
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive [5417-Views]
Breitling's Navitimer 8 Collection Arrives in The Middle East [5405-Views]
Facebook Launches Youth Portal, a Central Place for Teens [5356-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories