Air Arabia’s first quarter profits defy industry trends
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Airline Code [ABY]
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Air Arabia has converted a 21% increase in first quarter revenue into a 32% increase in net profit, producing an industry leading net margin of 22% - an outstanding achievement given the global economic environment. World-leading fleet utilisation rates, lower fuel prices, a simple operating model and a dominant position within the growing Sharjah economy are the hallmarks of Air Arabia’s success.
Click here for full report. (c) Centre for Asia Pacific Aviation. Date posted: 14-May-09
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Air Arabia’s first quarter profits defy industry trends
