UAE LCC Air Arabia recorded a net profit of AED662 million ($180 million) for 2017, a 30% increase on its 2016 figure of AED509 million. It achieved the result on turnover fractionally down at AED3.7 billion.  Passenger numbers were marginally up at just over 8.5 million, with load factor steady at 79%. The Sharjah-based airline—which also has hubs in Jordan, Egypt and Morocco—reported consistent and sustained growth in 2017, driven by its network expansion strategy and ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Air Arabia Cites ‘Strong Fundamentals’ As Profit Rises".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.