Air Arabia announced its financial results for the period ending June 30, 2008, demonstrating continued superior performance and ongoing growth.
The company’s net profit for the first half of this year stood at Dh160 million, an increase of 39 per cent compared to Dh115 million for the first six months of last year. Air Arabia’s net profit for the second quarter of this year reached Dh82 million, up 14 per cent compared to Dh71.7 million for the second quarter of 2007.
During the first half of 2008, the company registered a turnover of Dh871 million, up 70 per cent from Dh513 million for the first half of 2007. Air Arabia’s turnover for the second quarter of this year reached Dh487 million, up 79 per cent compared to Dh272 million for the second quarter of 2007.
The airline served more than 1.6 million passengers during the first half of 2008, a 33 per cent increase compared to 1.2 million passengers during the same period last year. Air Arabia served some 866,272 passengers in the second quarter of this year, up 34 per cent compared to 646,000 passengers in the second quarter of 2007.