Air Arabia registers net profit for Q1

Chennai, May 12: Air Arabia (PSJC), the first and largest low-cost carrier (LCC) in the Middle East and North Africa, has registered a net profit of 78 million AED for the first quarter of 2008, an increase of 81 per cent compared to AED 43 million for the first quarter of 2007. During the first quarter of 2008, the company posted a turnover of AED 383 million, up 59 per cent compared to AED 241 million during the first quarter of 2007, a company release here today said.

The airline served 7,57,000 passengers for the first quarter of 2008, an increase of 31 per cent compared to 577,000 passengers during the same period in 2007. The average seat factor - passengers carried as a proportion of available seats was 85 per cent for the first quarter of 2008, up 2 per cent compared to 83 per cent in first quarter of 2007, the release added.

UNI