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Air Arabia’s first quarter profits defy industry trends

14-May-2009

Air Arabia has converted a 21% increase in first quarter revenue into a 32% increase in net profit, producing an industry leading net margin of 22% - an outstanding achievement given the global economic environment. World-leading fleet utilisation rates, lower fuel prices, a simple operating model and a dominant position within the growing Sharjah economy are the hallmarks of Air Arabia’s success. [838 words]

Unlock the following content in this report:

Subheadings:

  • flydubai a potential brake on future profit growth?
  • Expansion into Europe
  • Moroccan joint venture a wise move

Graphs and data:

  • Air Arabia net profit and net profit margin growth: 1Q07 to 1Q09
  • Air Arabia net profit margin and revenue growth: 2006 to 1Q09
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