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Air Arabia Q2 net profit falls 14pc

DUBAI, August 5, 2015

Budget carrier Air Arabia, the UAE's only publicly-listed airline, reported a 13.6 per cent fall in second-quarter net profit on Wednesday, beating analyst forecasts.

The Sharjah-based airline made a net profit of Dh146.2 million ($39.8 million) in the three months to June 30, the company said in a statement. This compares with a profit of Dh169.3 million in the corresponding period of 2014.

Three analysts surveyed by Reuters on average forecast Air Arabia would make second-quarter profit of Dh133.7 million.

Second-quarter revenue fell to Dh860.2 million from Dh915.0 million a year earlier. – Reuters




Tags: Air Arabia | Revenue | budget carrier |

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