Air Arabia reported a net profit of AED128 million for the three months ending March 31, 2019, a 16 percent increase compared to the corresponding 2018 figure of AED110 million. In the same period, the airline posted a turnover of AED1,029 billion, a 17 percent increase compared to the first quarter of last year.
Air Arabia added five new routes from its hubs in the first three months of 2019 with flights commencing from Casablanca to Lisbon and Tunis; and from Sharm Al Sheikh to Amman and Luxor; and from Sohag to Riyadh. The carrier received its first Airbus A321 neo LR in April and announced the launch of direct flights from Sharjah to Kuala Lumpur starting July 1st, 2019. Air Arabia now serves over 155 international and domestic routes from its hubs in the UAE, Morocco and Egypt.
More than 2.8 million passengers flew with Air Arabia between January and March 2019 across the carrier’s four hubs, an 8 per cent increase compared to a total of 2.6 million passengers carried in the first quarter 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 2019 stood at an impressive 84 per cent, up 3 per cent compared to the same period last year.
Source: Air Arabia