Airline
Air Arabia Profits Up 32%
Sharjah based budget carrier Air Arabia net profits for the first quarter increased 32% to Dh 103 million. Lower fuel prices and passengers switching to lower cost air travel contributed to the increase. On Saturday the airline said the net profit growth figures exceed the growth in new revenue and passengers during the first quarter of 2009. Compared to the first quarter of last year, revenues increased 21% to Dh463mm and passenger traffic rose 26% to about 951,000.
Air Arabia’s positive growth figures are in stark contrast to the global airline industry, which is expected to lose $4.7 billion this year due to plunging demand. Air Arabia chief executive Adel Ali said “We are extremely pleased to have been able to continue our own positive momentum in the first quarter of 2009.”
More Airline
Latest Travel News
Featured Sights To See
King Hussein Park
Amman, Jordan
King Hussein Park, or Al Hussein National Park, covers 170 acres of West Amman. It is a recent creation, and one of the city's few green spaces. The park can get pretty crowded on weekends. It doesn't compare to any of the world's great city parks, but it's still a good place to unwind and maybe take in a game of football. The view is pretty good as well. There...
Si o Seh Pol
Isfahan, Iran
Address: 33 Pol, intersection of the Chahar Bagh Avenue with the river crossing. The bridge is strategically located where the Chahar Bagh, the main vehicular artery through Isfahan, crosses over the Zayandeh River. It was commissioned in 1599 by Allah Wardi Khan, a general in Shah Abbas I’s army. The bridge was built to serve the purpose of transport as well as act as a water reservoir, ...
Lubang Buaya
Jakarta, Indonesia
It is a historical site that marks the location where a failed coup d' etat by Partai Komunis Indonesia (Indonesian Communist Party) met its end. This is also the place where several high-ranking generals were tortured to death for not cooperating with the revolutionaries. ...
Henry de Monford French Cultural Center
Sanaa, Yemen
Located on Hadda Street, off al-Quds Street in the Old Town, this place is managed by a Franco-Yemeni agency, and organizes concerts, themed plays, educational lectures, cultural exhibitions, and linguistic classes. Visit this gallery/museum/cultural retreat to witness an amazing blend of local and French art in a variety of media. {loadpositio...