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.
SkyDrive and Bravo Air have signed a letter of intent for the purchase of up to 5 SD-05 aircraft. The agreement also includes the formation of a “Partnership” to conduct joint st...
The best of both worlds, any idea, if we talk about aviation? An airline with a fleet offering several combi configurations to group passengers and cargo on the same flight. One more discovery f...
TARMAC Aerosave and ATR have strengthened their partnership to recycle manufacturer's regional aircraft. Three ATRs were recycled in 2023, and four more are planned in 2024. These projec...
Embraer has secured 120 minute extended twin-engine operations (ETOPS) approval for the E190-E2 and E195-E2 from the Brazil Civil Aviation Authority ANAC, FAA and EASA. This capability paves...