14-Dec-2012 1:13 PM

NAS Air aiming for profit in 2013

NAS Holding CEO Sulaiman Al-Hamdan said the company predicts NAS Air will report a profit for the first time in 2013. Mr Al-Hamdan, as quoted by Arabian Business, said the airline will report a small loss in 2012, but it reduced its losses by 70% and increased revenue by 28% year-on-year. Mr Al-Hamdan said the airline's load factor increased from 62% in 2011 to 75% in 2012 and it plans to increase total seat numbers by 50% and load factor to 80% by increasing frequencies, acquiring aircraft and commencing new services in 1H2013.