Air Arabia posts net profit of Dhs451 million
- 11 Aug 2022
Air Arabia, the Middle East & North Africa’s first and largest low-cost carrier operator, reported a net profit of Dhs451 million for the first six months ending 30th June, 2022, compared to Dhs44 million registered in the corresponding first half 2021.
In the same period, the airline posted a turnover of Dhs2.24 billion, a 110 per cent increase compared to the corresponding first half of last year. More than 5.2 million passengers flew with Air Arabia between January and June 2022 across the carrier’s five hubs, an increase of 131 per cent compared to the same period last year. The airline’s average seat load factor - or passengers carried as a percentage of available seats - increased by 11 per cent during the first six months of 2022 and stood at 79 per cent.
During the second quarter ending 30th June, 2022, Air Arabia registered a net profit of Dhs160 million, compared to Dhs10 million net profit reported for the same period last year. The company’s turnover for the second quarter of 2022 increased by 125 per cent as demand for air travel increased registering an Dhs1.11 billion, compared to Dhs496 million in the corresponding period last year.
More than 2.7 million passengers flew with Air Arabia between March and June 2022 across the carrier’s five hubs, an increase of 195 per cent compared to the same quarter last year. The airline’s average seat load factor increased by 13 per cent during the second quarter of 2022 and stood at an impressive average of 79 per cent.
