22-Feb-2011 12:34 PM
Air Arabia revenue up 5.5% but profits down in 2010
Air Arabia revenue up 5.5% - financial highlights for the 12 months ended 31-Dec-2010:
- Revenue*: USD566.3 million, +5.5% year-on-year;
- Passenger: USD514.2 million, +4.7%;
- Direct costs: USD481.5 million, +12.0%;
- Fuel: USD191.4 million, +23.4%;
- Labour: USD 87.1 million, +5.5%;
- EBITDAR: USD160.6 million, -20.5%;
- Operating profit: USD20.4 million, 21.0%;
- Net profit: USD84.3 million, -31.5%;
- Passenger numbers: 4.5 million, +10%;
- Passenger load factor: 83%, +3 ppts;
- Revenue per passenger: USD 134.22, -5.7%;
- Cost per passenger: USD108.1, +5.9%;
- Cost per passenger excl fuel: USD65.07, +1.7%;
- Fleet: 25 aircraft, an increase of four aircraft;
- Total assets: USD1734 million, +4.9%;
- Total liabilities: USD270.4 million, +64.6%. [more]
* Based on the conversion rate USD1 = AED3.67291