Air Arabia Reports Strong First Quarter 2018 net Profit of AED110 million, up 8%

Air Arabia PJSC today reported solid financial results for the initial quarter of 2018 as the Middle East's very first and largest low cost provider continuouslied provide solid commercial and operational outcomes.

Air Arabia reported a web revenue of AED110 million for the three months finishing March 31, 2018, an 8 percent increase as compared to the matching 2017 figure of AED102 million. In the same period, the airline company posted a turn over of AED877 million, an 8 percent rise as compared to the first quarter of last year. Greater than 2 million travelers flew with Air Arabia between January and March 2018, according to the document number of travelers brought in the first quarter of last year. The airline company's average seat lots element-- or travelers brought as a percentage of offered seats - throughout the initial three months of 2018 stood at an impressive 80 per cent.

Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, said: "We rejoice to see Air Arabia's record 2017 economic results continue with the solid incomes signed up in the very first quarter 2018. The strong financial performance for the initial quarter is a representation of the durable business version that we run and is driven by our clear technique for development. The solid guest demand combined with the strong price control determines that we absorbed driving price margins lower continue to positively influence the monetary performance of the carrier."

He added: "As we continue to witness solid customer allure for our services, we remain committed to investing in innovative and worth added products that will certainly supply our customers with unmatchable worth while traveling by air. We remain optimistic about the prospects of low cost flight in the bigger region and our capacity to continue to report continual profitability and achieve solid growth margins across our network".

Air Arabia included three new paths from its centers in the UAE and Egypt in the very first 3 months of 2018, with trips starting from Sharjah to Moscow Sheremetyevo in Russia and to Jeddah and Kuwait from Sohag in Egypt. This was adhered to by the news of brand-new flights from Sharjah to Qabala in Azerbaijan; Izmir and Bodrum in Turkey gazing June 2018 and to Grozny in Russia starting April 2018. The provider has actually likewise obtained the 'Business Editor Option Award' at the 2018 Air Transportation Awards showing Air Arabia's continued commitment to guest satisfaction and development within the industry.