Air Arabia, the first and lowest cost airline in the Middle East and North Africa, announced on Wednesday 2022 the first half (January to June) reported a net profit during the period of growth and recovery in demand for air travel. The company also introduced a new brand in Pakistan during this period called ‘Fly Jinnah’.
UAE-owned AirArabia ended on 45 June 2021. During the first six months of million 61 thousand (110.61 million dollars) has earned a net profit of (45 crores of AED) while In the first half of 2021 only one crore24 lakh dollars (4 crore40 million AED) was registered.
During the said period the airline 52 crores of dollars (Dwarb 24 crores of dirhams). Business which compared to the same first half of last year 110 percent g Remember.
between January to June 2021 61. More than 100,000 passengers traveled on Air Arabia flights to reach five destinations. This number of passengers is 122 percent higher than the same period last year.
During the first six months of , the airline’s average seat capacity i.e. as a percentage of available seats in departing passengers 122 percent increased and it averaged 61 percent.
45 Second quarter ending June 2021. During the month, Air Arabia earned a net profit of 24 crores compared to a net profit of Rs.
2021 in the business of the company for the second quarter of
2021. ) percent increased as the demand for air travel increased and its business value increased to one billion . Crores of dirhams have been spent while in the same period last year, make this amount 45. 79 million dirhams.
Air Arabia Chairman Sheikh Abdullah bin Muhammad Al Thani said: The solid financial and operational performance recorded in the first half of this year is testament to the strength of the business model and the appeal of the value-based products that Air Arabia offers to its customers. The strong performance we saw in the first quarter of this year continued in the second quarter and was supported by the management team’s strong customer demand and cost containment initiatives.”
He added: “We have continued our network expansion strategy in the second quarter of this year by increasing the size of our fleet, adding new routes and new routes to all operating hubs. In addition to adding flights, preparations are underway to launch new projects in Armenia and Pakistan. Further initiatives are focused on diversifying, expanding and controlling costs. The global aviation industry faces geopolitical challenges, the impact of high oil prices and uncertainty towards a full economic recovery. Despite all these challenges, we have full confidence in our working business model and the important role of the aviation industry in supporting regional and global economic growth. RaArabia also unveiled the brand identity of its two latest projects ‘Fly Irna’ and ‘Fly Jinnah’ in Armenia and Pakistan respectively. was
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