Air Arabia net profit up 31% in 2Q2012

Air Arabia reported the following financial highlights:

• Three months ended 30-Jun-2012:
  • Revenue: AED729 million (USD198.5 million), +23% year-on-year;
  • Net profit: AED66 million (USD18.0 million), +31%;
  • Passenger numbers: 1.3 million, +15%;
  • Load factor: 85%, +3 ppts;
• Six months ended 30-Jun-2012:
  • Revenue: AED1300 million (USD354.0 million), +22%;
  • Net profit: AED115 million (USD31.3 million), +22%;
  • Passenger numbers: 2.5 million, +11%. [more - original PR]

*Based on the average exchange rate at USD1 = AED3.6722 for the period