(MENAFN) UAE's low-cost carrier Air Arabia announced logging a drop of its second quarter net profit, with a decline of 13.6 percent, released data showed.
The carrier, which is UAE's only publicly-listed airline, posted a net profit of USD39.8 million in the April-June period of 2015, the cargo said in a statement.
The Sharjah-based airline released data showed that the second-quarter figure marked a drop from USD46.07 million registered in the same quarter of last year.
Meanwhile, Air Arabia posted a revenue decline in the cited period, which reached USD234.12 million from USD249.04 million a year before.
However, the figure was better-than-expected by analysts, which projected the airline to make a profit of only USD36.39 million during the period.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.