11 May 2015
(MENAFN) Air Arabia, the low-cost airline headquartered in Sharjah Freight Center, posted a net profit of about USD21.3 million in the first quarter of the year, marking a 9 percent rise, Reuters reported.
The growth is attributable to the increase in passenger traffic. However, the airline recorded USD19.52 million net profit in the same period last year, according to the airline statements.
In the fourth quarter, the Air Arabia recorded a 30 percent decline in its net profit and the airline subsequently put the blame of fuel hedging.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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