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22-Feb-2011 12:34 PM

Air Arabia revenue up 5.5% but profits down in 2010

Air Arabia revenue up 5.5% - financial highlights for the 12 months ended 31-Dec-2010:

  • Revenue*: USD566.3 million, +5.5% year-on-year;
    • Passenger: USD514.2 million, +4.7%;
  • Direct costs: USD481.5 million, +12.0%;
    • Fuel: USD191.4 million, +23.4%;
    • Labour: USD 87.1 million, +5.5%;
  • EBITDAR: USD160.6 million, -20.5%;
  • Operating profit: USD20.4 million, 21.0%;
  • Net profit: USD84.3 million, -31.5%;
  • Passenger numbers: 4.5 million, +10%;
  • Passenger load factor: 83%, +3 ppts;
  • Revenue per passenger: USD 134.22, -5.7%;
  • Cost per passenger: USD108.1, +5.9%;
  • Cost per passenger excl fuel: USD65.07,  +1.7%;
  • Fleet: 25 aircraft, an increase of four aircraft;
  • Total assets: USD1734 million, +4.9%;
  • Total liabilities: USD270.4 million, +64.6%. [more]

* Based on the conversion rate USD1 = AED3.67291

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