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Air Arabia Air Arabia

Air Arabia: Sturdy Financial Results

Air Arabia recorded a net profit of AED531 million (USD144.6 million) for 2015, down six percent year-on-year,

while turnover rose three percent to AED3.8 billion (USD1.03 billion).

Throughout the year, a total of 7.6 million passengers flew with the carrier, an increase of 12 percent, with average load factor standing at 79 percent.

As Sheikh Abdullah Bin Mohammad Al Thani, chairman, Air Arabia, noted, the impact of low oil prices is still a challenge, and while pressure on yields and geo-political uncertainty continued to weigh on the aviation industry, the company once again delivered a strong set of numbers.