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18-Feb-2013 3:39 PM

Air Arabia profit up in 4Q2012 and 2012

Air Arabia revenue up 18% – financial highlights:

  • Three months ended 31-Dec-2012:
    • Revenue: AED755 million (USD205.6 million), +18.3% year-on-year;
    • Net profit: AED83 million (USD22.6 million), +5%;
    • Passenger numbers: 1.4 million, +16.1%;
    • Load factor: 79.5%, +0.1 ppt;
  • 12 months ended 31-Dec-2012:
    • Revenue: AED2942 million (USD801.0 million), +20.9% year-on-year;
    • Net profit: AED425 million (USD115.7 million), +55.1%;
    • Passenger numbers: 5.3 million, +12.8%;
    • Load factor: 82%, stable;
    • Fleet: 32 aircraft, +10.3%;
    • Destinations: 82, +12.3%;
    • Total assets: AED8045 million (USD2190 million), +13.1%;
    • Bank balances and cash: AED1330 million (USD362.0 million), -1.1%;
    • Total liabilities: AED2604 million (USD709.0 million), +39.7%. [more – original PR]

*Based on the average conversion rate at EUR1 = AED3.673

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