FINANCIAL NEWS

UAE’s Air Arabia records USD154.06m net profit for 2014

11 Mar 2015

(MENAFN) The first and largest low-cost carrier in the MENA region registered USD154.06 million net profit for 2014, marking a 30 percent increase compared to 2013, Arabian Business reported.

Air Arabia also recorded a turnover for 2014, which totaled USD1 billion, marking a 17 percent increase when compared to 2013, mainly motivated by increased passenger numbers.

Passenger numbers served by Air Arabia reached 6.8 million passengers in the 12 months ending in December 2014, up 12 percent compared to the previous year.

“The year 2014 represented significant milestones for the airline as we expanded our presence to many new destinations and increased the airline’s market share,” the chairman of Air Arabia said in a statement.

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