Air Arabia 3Q2009 revenue down 12.3%, net profit USD90.7 million, also down

AirArabia revenue down 12.3% - financial highlights:

Three months ended 30-Sep-2009:

• Revenue: USD149.2 million, -12.3% year-on-year;
• Cost of sales: USD111.7 million, -14.2%;
• Operating profit: USD29.2 million, -10.5%;
• Net profit: USD39.1 million, -33.1%;

Nine months ended 30-Sep-2009;

• Revenue: USD400.3 million, -1.7%;
• Cost of sales: USD319.1 million, -4.3%;
• Operating profit: USD58.3 million, +8.0%;
• Net profit: USD91.7 million, -10.0%;
• Passenger numbers: 3.0 million, +13.8%;
• Cost per passenger: USD115.5, -15.0%;
• Cost per passenger ex-fuel: USD77.4, +11.8%;
• Revenue per passenger: USD135.1, -13.6%. [more]

*Based on the conversion rate at USD1 = AED3.67