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Air Arabia posts Dh32.1m profit
SHARJAH — Air Arabia announced recently that it has performed favourably last year, posting a net profit of Dh32.1 million, while passenger volume reached 1,132,912, a whopping 122 per cent hike from the 2004 figures.
"Air Arabia has revolutionised the travel industry in this region and our financial results and operating performance are proof of this. We have brought air travel into the reach of millions across the Middle East, North Africa and the Indian Subcontinent and will continue to offer our customers what they want; affordable fares to many more destinations," said Shaikh Abdullah bin Mohammed Al Thani, Air Arabia Chairman.
He also noted other highlights of the airline's development last year, which included an expansion of its operation to 23 destinations, a 90 per cent growth rate in the number of flights operated, and an improved employee productivity of over 11 per cent.
"Our competitive strength is clearly demonstrated by these spectacular results, despite major challenges faced by the aviation industry over the last year including continued rising fuel prices," said Air Arabia CEO Adel Ali.
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