What’s New

Air Arabia announced on 13 May its financial results for the three months ending March 31, 2014. Air Arabia reported a net profit of USD 20.42 million for the three months ending March 31, 2014, representing an increase of 27% compared to USD 16.06 million reported in the corresponding quarter of 2013.

In the first quarter of this year, Air Arabia posted a turnover of USD 225.16 million, an increase of 14.5% compared to USD 196.57 million in the same period of 2013.

The airline served 1,630,000 passengers in the first quarter of 2014, an increase of 12% compared to the 1,450,000 passengers carried in the same period of last year. The airline’s average seat load factor – or passengers carried as a percentage of available seats – during the first three months of 2014 stood at an impressive 81.5%.

The first quarter of 2014 witnessed Air Arabia announce the formation of a second hub in the UAE and fourth worldwide. The airline has entered into a strategic partnership with the Ras Al Khaimah Department of Civil Aviation, enabling it to become the emirate’s designated carrier operating services from Ras Al Khaimah International Airport. The first flight took off on 6 May and the carrier is currently offering direct services to 7 cities from Ras Al Khaimah.

In the first three months of 2014, Air Arabia also added three new destinations from its main base in Sharjah: Cairo in Egypt, Antalya in Turkey, and Shymkent in Kazakhstan. The airline also added extra frequency to existing routes, including an additional daily service between Sharjah and Doha, and opened a several new sales office across the region.

Source: Air Arabia