Air Arabia reported a 2006 full-year profit of AED101 million ($27.5 million), more than three times the AED31.3 million earned in 2005. Revenue soared 82% to AED749.2 million and passenger numbers grew 54% to 1.8 million. Load factor was 81.2%. The airline has submitted its application to United Arab Emirates authorities to launch an IPO this quarter.
Separately, Air Arabia launched thrice-weekly Sharjah-Karachi service and twice-weekly Sharjah-Peshawar flights. Each service adds one frequency from April 3.
British Airways announced an expansion of its operation at London City, which it retained as part of its deal to sell BA Connect to Flybe (ATWOnline, March 6). BA's new CityFlyer subsidiary will operate 250 weekly flights from LCY, a more than 73.6% increase from its current program of 144, to six UK and European destinations beginning March 26 aboard 10 RJ100s.
No comments:
Post a Comment