Air Arabia experiences solid third quarter despite regional unrest
Air Arabia, the Middle East’s largest and most successful low-cost carrier, has reported another solid quarter of profitability, in the face of higher fuel costs and the continued ripples from the Arab Spring. With operations spread across Sharjah, Alexandria and Casablanca, the airline’s operations have proved somewhat vulnerable to the regional political and social unrest, but over the past few years Air Arabia has built an operation with sufficient mass and flexibility to ride out the worst of the regional troubles.
The airline’s gross operating profit for the three months to 30-Sep-2011 was AED150 million (USD40.9 million), up a third on the same period in 2010. However, the carrier’s net profit for the three months was AED99.3 million (USD27.3 million), a drop of 26.4% compared to 3Q2010.
To access CAPA Premium Analysis you need a CAPA Membership
Your window into the latest insights
CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.
Big picture strategic view
Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.
The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.
Customise your Alerts
CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.
I'm very impressed by the factual and detailed analysis CAPA is always doing.- CEO, Airline Member
Phone: +61 2 9241 3200 | Email: firstname.lastname@example.org