Air Arabia's Q1 net profit up 27% at Dh75 million

Air Arabia announced on Monday its financial results for the three months ending March 31, 2014.

Air Arabia reported a net profit of Dh75 million for the three months ending March 31, 2014,  an increase of 27 per cent compared to Dh59 million reported in the corresponding quarter of 2013.

In the first quarter of this year, Air Arabia posted a turnover of Dh827 million, an increase of 14.5 per cent compared to Dh722 million in the same period of 2013.

The airline served 1,630,000 passengers in the first quarter of 2014, an increase of 12 per cent compared to the 1,450,000 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 first three months of 2014 stood at 81.5 per cent.

“Air Arabia has enjoyed a remarkable start to the year,” said Sheikh Abdullah bin Mohammed Al Thani, Chairman of Air Arabia. “Our route, fleet and hub expansion strategy continues to deliver profitability”.
 

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