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Air Arabia posts $8.7m profit
- United Arab Emirates: Saturday, February 18 - 2006 at 09:19
Sharjah Government's discount carrier Air Arabia has reported a $8.7m profit for 2005 compared with breakeven in 2005, and boosted passenger numbers by 122% to 1.1m last year. The airline now serves 23 destinations and operated 90% more flights than in 2004 at 9,412. CEO Adel Ali said our competitive strength is clearly demonstrated by these spectacular results, despite continued rising fuel prices.
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Peter J. CooperSaturday, February 18 - 2006 at 09:19 UAE local time (GMT+4)
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This article was updated on Sat Sep 30 2006.
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