FINANCIAL NEWS

UAE’s Air Arabia’s 2011 profit grows to USD74.59m

11 Apr 2012

(MENAFN) Air Arabia’s Chairman, Sheikh Abdullah Bin Mohammad Al Thani, said that the carrier’s net profit for the 12 months ending December 31, 2011 reached USD74.59 million, reported Emirates 24/7.

The Chairman added that in 2011, the company’s total turnover jumped 16 percent from a year earlier to USD653 million.

He also said that passenger traffic rose 6 percent from 2010, totaling 4.7 million passengers.

Moreover, the carrier started 6 new destinations in the year, and received 6 new aircraft from Airbus.

It is worth noting that Air Arabia is the first and largest low-cost carrier in the Middle East and North Africa. At the current time, it operates services to 73 destinations from 3 regional hubs.

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