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Air Arabia also announced new flights from Sharjah to Qabala, Azerbaijan; Izmir and Bodrum, Turkey Air Arabia also announced new flights from Sharjah to Qabala, Azerbaijan; Izmir and Bodrum, Turkey

Air Arabia Reports Strong Q1 Net Profit

Air Arabia reported strong financial results for the first quarter of this year.

Air Arabia reported a net profit of AED110 million (USD27.2 million) for the three months ending March 31, an eight percent increase compared to the corresponding 2017 figure of AED102 million (USD27,7 million).

In the same period, the airline posted a turnover of AED877 million (USD238,8 million), an eight percent increase compared to the first quarter of 2017.

More than two million passengers flew with Air Arabia between January and March in line with the record number of passengers carried in the Q1 of 2017.

The airline’s average seat load factor, or passengers carried as a percentage of available seats, during the first three months of this year stood at 80 percent.

Air Arabia added three new routes from its hubs in the UAE and Egypt in the first three months of this year, with flights commencing from Sharjah to Moscow Sheremetyevo in Russia and to Jeddah and Kuwait from Sohag in Egypt.