8-Feb-2016 8:42 AM
Air Arabia reports net profit declines in 4Q and 2015
Air Arabia reported (05-Feb-2016) the following preliminary financial highlights:
- Three months ended 31-Dec-2015:
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- Revenue: AED957 million (USD260.6 million), +4% year-on-year;
- Net profit: AED59 million (USD16.1 million), -13%;
- Passenger numbers: 2 million, +17%;
- 12 months ended 31-Dec-2015:
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- Revenue: AED3800 million (USD1035 million), +3%;
- Net profit: AED531 million (USD144.6 million), -6%;
- Passenger numbers: 7.6 million, +12%;
- Load factor: 79%. [more - original PR]
*Based on the average conversion rate at USD1 = AED3.6729 for three months ended 31-Dec-2015
*Based on the average conversion rate at USD1 = AED3.673 for 12 months ended 31-Dec-2015