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6-Aug-2013 3:13 PM

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

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