Air Arabia posts 17% profit
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Air Arabia recently announced its financial results for the period ending 30 June 2013.
The statistics for the first half of 2013 (H1) state a net profit at AED 134 million, an increase of 17% compared to AED 115m for 2012. During H1 of 2013, the company registered a turnover of AED 1.5 billion, up 19% from AED 1.2 bn for H1 of 2012.
The airline’s net profit for the second quarter of 2013 was AED 76m, an increase of 15% compared to AED 66m for Q2 of 2012. Turnover for Q2 of 2013 rose by 17% to AED 797m, compared to AED 681m for Q2 of 2012.
Sheikh Abdullah Bin Mohammed Al Thani, chairman of Air Arabia said: “The airline’s commercial and operational strength have allowed it to further invest in its own growth, carry more people and register sustained and strong performance. We will continue to focus on our business expansion strategy.”
Passenger growth was on the rise with over three million passengers carried during the first half of 2013. This was a 16% increase compared 2.6 million passengers in 2012.
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