Air Arabia recently announced its financial results for the nine months ending 30 September 2013. The net profit for the period stood at AED 341 million, in line with net profits recorded for 2012.
During the first nine months of 2013, the company registered a turnover of AED 2.3 billion, a 14% increase compared to AED 2 bn during 2012. The airline registered a 15% increase in passenger traffic to 4.5 million during the period for 2013 while the average seat load factor for the same quarter stood at 81%.
Sheikh Abdullah Bin Mohammed Al Thani, chairman of Air Arabia said: “As we mark our 10th anniversary, we will increasingly focus on our business expansion strategy. This continued with introduction of low-cost travel solutions that have benefitted nearly 40 million passengers.”
Turnover for the third quarter of this year reached AED 854 mn, an increase of six percent as compared to AED804 mn in the same period of last year. Air Arabia carried 1.5 million passengers in the third quarter of 2013, an increase of 11% compared to 2012. In the third quarter of 2013, Air Arabia took delivery of two A320 aircraft from Airbus, and expects additional delivery of two before the end of the year.