Air Arabia announced strong financial and operational results for the second quarter of this year ending June 30, 2019 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver robust and sustained performance.
Air Arabia registered a record net profit of AED 210 million for the three months ending June 30, 2019, an increase of 75 per cent compared to the AED 120 million reported for the same period last year. The company’s turnover for the second quarter of 2019 increased by 22 per cent to AED 1.144 billion, compared to AED 938 million in the corresponding period last year.
The strong second quarter financial results were backed by solid growth in passenger demand with Air Arabia serving over 3 million passengers from its hubs in the UAE, Morocco and Egypt, an increase of 16 per cent compared to 2.59 million passengers carried in the same quarter last year. The average seat load factor – or passengers carried as a percentage of available seats – for the same quarter stood at an impressive 84 per cent.
Equally, Air Arabia reported strong set of results for the first half ending June 30, 2019 registering a net profit of AED 338 million; a 47 per cent increase compared to AED 230 million reported for the same period last year. The company’s turnover for the first six months of 2019 reached AED 2.173 billion, an increase of 20 per cent compared to AED 1.816 billion in the corresponding period last year.
Air Arabia served over 5.82 million passengers from all its four hubs in the first half of 2019, an increase of 12 per cent compared to first half of 2018. The average seat load factor – or passengers carried as a percentage of available seats – for the same period stood at an impressive 84 per cent.
During the first half of 2019, Air Arabia received its first brand new Airbus A321 neo LR airplane bringing its total fleet size to 54 aircraft. The new Airbus A321, which accommodates 215 passengers, is the first of five aircraft to be delivered in 2019 that will help the carrier expand to new medium-haul markets in addition to strengthening the existing routes with increased seat capacity.
The carrier added a total of 10 new routes to its global network in the first half of this year. Flights from Air Arabia’s hub in Morocco commenced from Casablanca to Lisbon, Pisa, Prague and Tunis while new flights started between Tangier and Lyon; Fez and Rome. The carrier also expanded its operation from its Egypt hub with new flights connecting Sharm El Sheikh to Milan Bergamo, Amman and Luxor; as well as Sohag to Riyadh. Air Arabia also announced the launch of four new destinations from its main hub in Sharjah to Kuala Lumpur, Tunis, Vienna and Bishkek with flights commencing in third quarter of this year.
During the first half of 2019, Air Arabia launched its new complimentary in-flight entertainment system 'SkyTime' that allows passengers to live stream digital content on smartphones, tablets or laptops while traveling with the carrier.
Air Arabia operates flights to over 170 global destinations in 50 countries from its hubs in the UAE, Morocco, and Egypt.
Source: Air Arabia