Tag Archives: Sheikh Abdullah Bin Mohamed Al Thani

Reaching its milestone of 15 years, AirArabia has unveiled a new brand, including the new aircraft livery and interior through a live display of one of AirArabia’s newly-branded Airbus A320 aircraft, to attract the younger millennial travellers during a launch ceremony at the AirArabia hangar in Sharjah International Airport. Commenting on the occasion, Sheikh Abdullah Bin Mohamed Al Thani, Chairman, AirArabia said, “It was 15 years ago that AirArabia and the low-cost airline concept were just an idea in the region, an idea of connecting people at affordable cost. Today, we are gathered to celebrate the great success story that AirArabia has become, redefining air travel in the region and providing great travel experience for over 80 million passengers to date. We commemorate 15 years of success with the launch of AirArabia’s new brand identity that reflects the carrier’s successful journey and echoes the future with a fresh perspective while mirroring its ambitions and the next phase of international growth.” Since its launch on October 28, 2003, AirArabia has experienced solid and sustained growth. From the earliest days of serving just five routes with two aircraft, the airline has grown to currently serving over 155 routes from multiple hubs spreads across the UAE, Morocco and Egypt, served by a fleet of 53 aircraft, with plans for further expansion in 2019.

The officials results released by Air Arabia reported strong financial results for the first half ending June 30, 2018 as the low-cost carrier continued to deliver solid and sustained financial performance. Air Arabia reported a net profit of AED 230 million for the first half ending June 30, 2018; a 12 per cent less than the AED 261 million reported for the same period last year. The company’s turnover for the first six months of 2018 reached AED 1.816 billion, an increase of 6 per cent compared to AED 1.716 billion in the corresponding period last year. Air Arabia’s strong profits are registered despite the economic pressure that airlines have witnessed in the second quarter of this year, which was driven by lower yield margins, higher fuel prices and seasonality shift in traffic that the market has experienced. Marking strong growth in passenger demand, Air Arabia flew 4.2 million passengers during the first half of 2018 and the airline’s average seat load factor for the first six month of 2018 – passengers carried as a percentage of available seats – stood at impressive 79 per cent. Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia said, “Air Arabia’s strong financial results are a testament to the airline’s robust growth strategy, operational efficiency and unwavering commitment to delivering on its value-added proposition for customers. The global aviation industry had to cope up with pressing economic challenges during the second quarter of this year and we are glad to see Air Arabia continuing to deliver strong financial and operational performance while maintaining its momentum growth across the breadth of its network.”