Air Arabia reports profit growth in 2Q2013 and 1H2013

Air Arabia revenue up 17% - financial highlights:

• Three months ended 30-Jun-2013:
• • Total revenue: AED797 million (USD217.0 million), +17% year-on-year;
  • Net profit: AED70.8 million (USD19.3 million), +9%;
  • Passenger numbers: 1.6 million, +17%;
  • Load factor: 83%, -2 ppts;
• Six months ended 30-Jun-2013:
• • Total revenue: AED1500 million (USD408.4 million), +19%;
  • Net profit: AED126.2 million (USD34.4 million), +12%;
  • Passenger numbers: 3 million, +16%;
  • Load factor: 82%;
  • Total assets: AED8243 million (USD2244 million);
  • Total liabilities: AED3012 million (USD820.2 million). [more - original PR]

*Based on the average conversion rate at USD1 = AED3.673