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8-Feb-2016 8:42 AM

Air Arabia reports net profit declines in 4Q and 2015

Air Arabia reported (05-Feb-2016) the following preliminary financial highlights:

  • Three months ended 31-Dec-2015:
    • Revenue: AED957 million (USD260.6 million), +4% year-on-year;
    • Net profit: AED59 million (USD16.1 million), -13%;
    • Passenger numbers: 2 million, +17%;
  • 12 months ended 31-Dec-2015:
    • Revenue: AED3800 million (USD1035 million), +3%;
    • Net profit: AED531 million (USD144.6 million), -6%;
    • Passenger numbers: 7.6 million, +12%;
    • Load factor: 79%. [more - original PR]

*Based on the average conversion rate at USD1 = AED3.6729 for three months ended 31-Dec-2015
*Based on the average conversion rate at USD1 = AED3.673 for 12 months ended 31-Dec-2015

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