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Air Arabia’s net profit surges 13 percent in Q1

16 May 2015

(MENAFN) Air Arabia (PJSC) announced its financial results for the first quarter of 2015 as the airline’s route and hub expansion strategy continued to deliver strong financials growth, Arab News reported.

For the three months to March 31, 2015, Air Arabia reported a net profit of USD23.13 million, an increase of 13 percent on the corresponding 2014 figure of USD20.41 million.

During the same period, the airline’s turnover reached USD241.16 million, an increase of 7 percent compared to USD225.1 million in the first quarter of last year.

“We are delighted to record another quarter of strong performance across our operations, with Air Arabia maintaining its steady, long-term growth trajectory,” chairman of Air Arabia said.

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