Air Arabia reports H1 net profit of $12m

Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, has reported a profitable first half (January to June) 2021 despite Covid-19's continued impact on the aviation’s industry financial and operational performance. Air Arabia reported a net profit of AED44m ($12m) for the period, an increase of 126% compared to the corresponding first half 2020. In the same period, the airline posted a turnover of AED1b ($272m), a 5% increase compared to the corresponding first half of last year. More than 2.3m passengers flew with Air Arabia between January and June 2021 across the carrier’s five hubs while the airline’s average seat load factor – or passengers carried as a percentage of available seats – during the first six months of 2021 stood an average at 73%. Air Arabia managed to register a profitable second quarter despite Covid-19 pandemic continuous impact on the industry’s bottom-line. This is the third consecutive profitable quarter that the company managed to register since the pandemic hit the aviation industry. <br/>