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Sharjah / Emirates Business
Air Arabia (PJSC) announced strong financial and operational results for the second quarter of this year ending on June 30, 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 on June 30, an incre-ase of 75 percent compared to AED120 million reported for the same period last year. The company’s turnover for the second quarter of 2019 increased by 22 percent 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 four 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.
Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia said: “We are glad the strong Air Arabia performance witnessed in the first quarter of this year continued in the second quarter driven by our cost control measures, improved yield margins and strong passenger demandâ€.