Air Arabia Q1 profit drops 10%
Air Arabia reported a net profit of AED103m for Q1, down 10% from AED114m last year. In the same period, the airline posted a turnover of AED810m, down 14%. The financial results were recorded amidst the continuous drop in the yield margins that the industry witnessed in the quarter. More than 2.1m passengers flew with Air Arabia in the quarter, in line with the record number of passengers carried in Q1 of last year. Average seat load factor stood at 81%. The carrier took delivery of one new aircraft in the quarter and currently operates a fleet of 47 Airbus A320 to 126 routes across the Middle East, Africa, Asia and Europe. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-10/unaligned/air-arabia-q1-profit-drops-10
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Air Arabia Q1 profit drops 10%
Air Arabia reported a net profit of AED103m for Q1, down 10% from AED114m last year. In the same period, the airline posted a turnover of AED810m, down 14%. The financial results were recorded amidst the continuous drop in the yield margins that the industry witnessed in the quarter. More than 2.1m passengers flew with Air Arabia in the quarter, in line with the record number of passengers carried in Q1 of last year. Average seat load factor stood at 81%. The carrier took delivery of one new aircraft in the quarter and currently operates a fleet of 47 Airbus A320 to 126 routes across the Middle East, Africa, Asia and Europe. <br/>
