Air Arabia Q2 net profit jumps 75 percent to $57 million

Published on : Friday, August 9, 2019

Air Arabia recorded a net profit of U.S. Dollars 57.1 million (Dh210 million) in the second quarter of the year, which is a 75 per cent increase compared to the corresponding 2018 figure of U.S. Dollars 32.6 million (Dh120 million). In the same period, the airline posted a turnover of U.S. Dollars 311.3 million (Dh1.144 billion), a 22 per cent increase compared to the second quarter of last year, the airline said in a statement.

 

 

 

The strong financial and operational results for the second quarter of the year was attributed to the solid growth in passenger demand with Air Arabia serving over 3 million passengers from its four hubs in the UAE, Morocco and Egypt, an increase of 16 per cent compared to 2.59 million passengers carried in the same quarter last year. The average seat load factor – or passengers carried as a percentage of available seats – for the same quarter stood at an impressive 84 per cent.

 

 

 

 

As per Sheikh Abdullah Bin Mohamed Al Thani, chairman of Air Arabia, the  record second quarter and first half 2019 performance reflects the strength of their business model as well as the appealing demand for the value-driven services that Air Arabia offers.

 

 

 

 

The carrier added a total of 10 new routes to its global network in the first half of this year. Flights from Air Arabia’s hub in Morocco commenced from Casablanca to Lisbon, Pisa, Prague and Tunis while new flights started between Tangier and Lyon; Fez and Rome. The carrier also expanded its operation from its Egypt hub with new flights connecting Sharm El Sheikh to Milan Bergamo, Amman and Luxor; as well as Sohag to Riyadh.

 

 

 

Air Arabia also announced the launch of four new destinations from its main hub in Sharjah to Kuala Lumpur, Tunis, Vienna and Bishkek with flights commencing in the third quarter of this year.

 

 

 

Related Posts

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 08 imexamerica 2019
  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 16 TTF 2019
  • 17
  • 17 thincindonesia 2019
  • 18 Africa Hotel & Resort 2019
  • 18 chinatravelnews2019
  • 19 China Hotel 19
  • 19 itehcmc 19
  • 19 uzakrota London 2019
  • 20 sahic 2019
  • 20 uzakrota Istanbul 2019
  • 21 qthexpo 2019
  • 21 TheHotelShowSaudiArabia 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 23 PTM 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. TRAVELDAILY CONFERENCE & DIGITAL TRAVEL SHOW

      August 27 - August 29
    2. ibtm CHINA

      August 28 - August 29
    3. CITIE 2019

      August 30 - September 1
    4. TTF Ahmedabad

      August 30 - August 31
    5. QATAR TRAVEL AND HOLIDAYS EXPO

      September 3 - September 4
Get our toolbar!
Review www.travelandtourworld.com on alexa.com