Arab Today, arab today air arabia profit slips 6 in 2015
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Air Arabia profit slips 6% in 2015

Arab Today, arab today

Arab Today, arab today Air Arabia profit slips 6% in 2015

Air Arabia says net profit fell 6%
Dubai - AFP

Sharjah-based budget carrier Air Arabia said on Sunday its 2015 net profit fell six percent to 531 million dirhams ($144.69 million) although turnover rose slightly.

The Middle East's first and largest low-cost airline said its turnover was 3.8 billion dirhams ($1.04 billion) in 2015, three percent up on the previous year, while passenger numbers rose 12 percent to 7.6 million.

In the fourth quarter, net profit was 13 percent lower than in 2014, standing at 59 million dirhams ($16.08 million).

"The impact of low oil prices continues to have its effect on the wider global economy, while pressure on yields and geo-political uncertainty continued to weigh on the aviation industry," Air Arabia chairman Sheikh Abdullah bin Mohammad al-Thani said in a statement.

"Despite these challenges, Air Arabia once again delivered a strong set of numbers and remains well positioned for further growth in 2016," he added.

The airline, which began operations from the emirate of Sharjah in 2003, now has other hubs in Egypt, Jordan and Morocco. It operates a fleet of 44 narrow-body Airbus A320s serving 101 destinations.

The company also has orders for 44 additional Airbus A320 aircraft.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today air arabia profit slips 6 in 2015 Arab Today, arab today air arabia profit slips 6 in 2015

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today air arabia profit slips 6 in 2015 Arab Today, arab today air arabia profit slips 6 in 2015

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday