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.
Take a walk down the Heritage Centre to get a glimpse of the history of Singapore from the time of the earliest settlers to the present. The place mainly characterizes the strenuous routine living of Chinese people in Singapore. The Heritage Center also conceptualizes the major social evils prevalent in the society which include prostitution, gambling and opium addiction. A visit to this place wil...
The Fine Art Museum is widely known for its spectacular range of artifacts including contemporary paintings, some of which can be bought. A wide variety of art exhibits, including Khmer, Cham and Indian works of art are also displayed. This museum is just a few blocks from the famous Ben Thanh Market. Location: 97A Duc Chinh street, District 1 {loadposition upload_i...
Address: street market, from the Shari’ Ali’ Abdul Mughni to the entrance to Old Sana'a This large open-air flea market is a sight to behold, especially in the early afternoon. You can grab a cup of steaming local tea and take a seat, just watching locals hustling by. Or take a slow stroll down the main aisle, glancing sideways at every intersection, losing yourself to sounds and smells that ...
Another busy thoroughfare with shops and tourist attractions. ...