Air Arabia carries 5.3mn pax in 2012
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Air Arabia announced its annual performance for 2012 wherein the airline carried over 5.3 million passengers in 2012, registering a 13% increase compared to 4.7m passengers in 2011.
The carrier’s seat load factor – or passengers carried as a percentage of available seats – stood at 82% for the full year ending 31 December 2012.
The figures were announced following a meeting of the Board of Directors of Air Arabia, who have proposed a dividend distribution of seven percent of capital, which is equivalent to 7 fils per share. This proposal is subject to ratification by the shareholders of Air Arabia at the company’s upcoming Annual General Meeting.
Sheikh Abdullah Bin Mohammad Al Thani, chairman of Air Arabia said: “On the back of strong passenger numbers, our fourth quarter net profit stood at AED83mn, increase of 6% compared to AED78mn in 2011. The fourth quarter turnover reached AED755mn, representing an increase of 18% compared to AED638mn for 2011.”
Sheikh Al Thani continued, “With market conditions rebounding, the airline is fully confident in its ability to unlock opportunities.”