Air Arabia posted a net profit of USD 18 million for the three months ending June 30, 2012.
The figure was an increase of 31% compared to USD 13.9 million profit recorded in the corresponding period in 2011.
The carrier’s turnover for the second quarter of 2012 stood at USD 198.8 million, an increase of 23% compared to USD 161.45 million reported in the same period of 2011.
The airline welcomed onboard 1.3 million passengers in the second quarter of 2012, an increase of 15% compared to the same period last year.
Air Arabia’s average seat load factor – or passengers carried as a percentage of available seats – for the three months ending June 30, 2012, stood at 85%, up 3% on the same period last year, it said.
For the six months ending June 30, 2012, Air Arabia reported a net profit of USD 31.36 million, an increase of 22% compared to USD 25.6 million in the corresponding period in 2011.
The carrier’s turnover for the first half of 2012 stood at USD 0.354 billion, an increase of 22% compared to USD 0.299 billion reported in the same period of 2011. The airline welcomed onboard 2.5 million passengers in the first half of 2012, an increase of 11% compared to the same period last year.
Air Arabia added two new routes in the first half of 2011, with Taif in Saudi Arabia and Salalah in Oman bringing the airlines global network to 75 destinations. Additionally, the airline increased the frequency of flights to Nagpur in India, Dammam and Riyadh in Saudi as well as to Kuwait. The first half of 2012 also saw the delivery of three new aircraft from Airbus as well as Air Arabia completing its first maintenance check with its new hangar facility.
Source: Air Arabia