Airline

Air Arabia profits down 51pc in Q1 2010

May 7 - Sharjah based Air Arabia posted a Dh50 million net profit in the first quarter of 2010, 51 percent less than the Dh 103 million profit for the same period last year, because of declining passenger yields.  The drop in net profit occurred even as passenger numbers increased by 9.02 percent to 1.03 million, earning the carrier revenues of Dh482 million in the first quarter of 2010, 4 percent higher than the Dh 463 million earned for the same period last year. Air Arabia’s seat long factor was strong at 80 percent, allowing it to sustain its performance from the previous period. 

“This decline in profitability was in line with global trends of the aviation industry’s performance represented by the increase in fuel costs as well as continuous pressure on yield margins” the airline said in a statement.  The lingering effect of the global financial crisis and rising cost of fuel continues to impact the profitability of airlines around the world because of an ongoing dilution in yields versus market capacity, explained Adel Ali, board member and group chief executive officer.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Abu Dhabi and Wizz Air announce establis...
Emirates touches down in Mexico City...
Air Arabia named as Middle East and Afr...
Featured Sights To See
Atmosfear Dry Slider

Atmosfear Dry Slider

Jakarta, Indonesia

Located in FX Lifestyle Center Mall Sudirman, one of the world's longest and fastest sliders. ...

Christians Kirke

Christians Kirke

Copenhagen, Denmark

Formally known as Frederik's German Church, the Christians Kirke is a famous tourist attraction in the Christianshavn District of Copenhagen. It is famous for its architecture and interior. Constructed in the 1617s by D. G. Anthon, the tower is approximately 70 meters high resting on a granite platform. The yellow bricked building gleams like gold in the sun and attracts many Christian as well as ...

Ho Chi Minh City Museum

Ho Chi Minh City Museum

Ho Chi Minh City, Vietnam

Formerly known as the Revolutionary Museum and housed in the former building of the Government of Cochinchina, the Ho Chi Minh City Museum contains valuable artifacts from the Communist period. Here visitors can view weapons, medals, uniforms and photographs portraying the Communist struggle between the French and the Americans. Outside the museum stands a military collection that includes a helic...

American University of Beirut (AUB)

American University of Beirut (AUB)

Beirut, Lebanon

The American University of Beirut (AUB) was founded in 1862 and opened in 1866 by American missionaries.  It is one of the best universities in the Middle East.  The beautiful campus is located along the north shore of Beirut’s peninsula.  There are lots of trees and shrubs, and it has even been declared a bird sanctuary.  A visitor’s center is located in the Main Gate House on Bliss Street.  Here...