Budget carrier Air Arabia, the only publicly-listed airline in the UAE, reported a 42.2 per cent rise in first-quarter net profit today, beating analysts’ forecasts.
The Sharjah-based firm made a net profit of Dh111.1 million in the three months to March 31, the company said in a statement. This compares with a profit of Dh78.1m in the corresponding period of 2015.
Three analysts polled by Reuters had on average forecast the airline would make a first-quarter profit of Dh88.8m.
The airline’s first-quarter revenue was Dh945.8m, versus Dh886m a year earlier.
Even today, quite a few people still have preconceived notions about the business aviation industry. The same is true when it comes to in-flight catering for private flights. Personally, I prefer to t...
ExecuJet MRO Services Malaysia announced new apprenticeship programme, aimed at developing the next generation of aircraft maintenance professionals, has produced its first batch of qualifie...
De Havilland Canada announced the delivery of the first of two Twin Otter Classic 300-G aircraft to Ethiopian Airlines, Africa’s largest airline.The aircraft will support Ethiopian Airlines&rsqu...
Bombardier delivered the first Bombardier Global 8000 aircraft in Asia to an undisclosed customer based in Shanghai, marking an important step in the expansion of ultra-long-range busin...
