Air Arabia posts record nine months net profit of USD 135.58 million, up 46%
Air Arabia announced on 11 November 2014 its financial results for the first nine months ending 30 September 2014.
Almasalla, ATP News- Air Arabia s net profit for the first nine months of 2014 stood at USD 135.58 million, up 46% compared to USD 92.84 million reported in the corresponding period of 2013.
For the nine months ending 30 September 2014, the airline posted a turnover of USD 0.76 billion, an increase of 17% compared to USD 0.65 billion in the same period of 2013.
The low-cost aviation pioneer served over 5.1 million passengers in the first nine month of 2014, a 13% year-on-year increase
. The average seat load factor – or passengers carried as a percentage of available seats – for the same period stood at 82%.
Air Arabia’s net profit for the third quarter of 2014 was USD 68.33 million, up 22% compared to USD 56.08 million reported in the corresponding period of 2013. For the three months ending 30 September 2014, the airline posted a turnover of USD 0.29 billion, an increase of 25% compared to USD 232.5 million in the same period of 2013.
Air Arabia served over 1.75 million passengers in the third quarter of 2014, a 15% increase compared to 1.52 million passengers in the same period of 2013. The average seat load factor – or passengers carried as a percentage of available seats – for the same quarter stood at 80%.
