Air Arabia reports strong net profit of AED472 million in first nine months of 2015

Tourism

Air Arabia reports strong net profit of AED472 million in first nine months of 2015

Air Arabia (PJSC), the first and biggest affordable carrier (LCC) in the Middle East and North Africa, today announced its monetary results for the very first nine months ending September 30 2015, as the business keep to achieve strong monetary efficiency and strong development.

The company delivered a record web revenue of AED472 million for the very first 9 months of 2015, 5 per-cent lower than the corresponding period of last year. The airline company turnover reached AED2.87 billion for the nine months ending September 30, 2015, a boost of 2 percent on the corresponding 2014 figure. Traveler numbers increased by 11 percent year-on-year in the very first nine months of 2015 reaching 5.7 million passengers. The average seat load element-- or travelers brought as a percentage of offered seats-- for the duration stood at an outstanding 79 per cent.

Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia said: "Despite increased pressure on yield margins, extra capability in the market and drawn-out political unpredictability within the area, Air Arabia continues to provide strong revenues and strong company growth while serving ever-increasing varieties of travelers. The Company kept its expansion mode throughout 2015 and we have introduced 21 new routes this year, in addition to a multiple prize-winning services and products".

He included: "We stay concentrated on broadening operations and getting in new markets while consolidating our leading position in existing markets in addition to delivering an ingenious and appealing product offering to our clients every day.".

Air Arabia worldwide location network has actually reached 115 paths and 21 new paths contributed to Air Arabia's network in the very first 9 months of 2015, as the airline company continued to execute its expansion method, consisting of the opening of a fifth worldwide hub in Jordan earlier this year.

Revenues for the three months ending September 30, 2015, enhanced by 6 percent to stand at AED1.1 billion, compared with AED1 billion in the very same duration of 2014. Net revenue in the third quarter of 2015 reached AED235 million, 6 per-cent lower than the matching 2014 figure of AED251 million. More than 2 million passengers were served in the 3rd quarter of 2015, an 18 percent boost on the corresponding period of 2014, while the average seat load factor was 80 percent.

Air Arabia was called 'Airline of Year' at the recent Aviation Business Awards that occurred in Dubai. The carrier was also named "Best Low-cost Airline in the Middle East" at the yearly Skytrax World Airline Awards in France, "Best Low-Cost Carrier" at the 2015 World Tourism Forum Awards in Turkey, and also took house the "Award for Customer Innovation" at the very first Aviation Achievement Awards.