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FINANCIAL NEWS
Air Arabia net profit grows by 3.5pct in H1
12 Aug 2016
(MENAFN) Air Arabia recorded a net profit of USD66.6mn for the first half of this year, increasing by more than 3.5 percent from USD64.5mn in the same period of 2015.
Additionally, the company turnover for the cited half of this year touched USD500.8mn, compared to USD476.3mn in the same period of last year.
However, despite the challenges that the company faces and the pressure on yield margins, but it continues to deliver solid financial performance and strong growth.
The company flew almost 2mn passengers in the second quarter of this year, grew by 12 percent compared to the same period of 2015.
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