Air Arabia’s Q1 Net Profit Up 20%

Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.



Budget airline Air Arabia, UAE’s only publicly-listed carrier, reported a 20 per cent rise in first quarter net profit, it said on Monday.

The Sharjah-based airline made a net profit of Dhs59 million ($16.06 million), compared with Dhs49 million in the same period in 2012, it said in a statement.

Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.