Funds provider Air Arabia reported a powerful first half (January to June) 2022 as restoration in demand for air journey continued.
Air Arabia reported a web revenue of AED 451 million for the primary six months ending June 30, 2022, in comparison with AED 44 million registered within the corresponding first half 2021. In the identical interval, the airline posted a turnover of AED 2.24 billion, a 110 per cent enhance in comparison with the corresponding first half of final yr. Greater than 5.2 million passengers flew with Air Arabia between January and June 2022 throughout the provider’s 5 hubs, a rise of 131 per cent in comparison with the identical interval final yr. The airline’s common seat load issue – or passengers carried as a share of accessible seats – elevated by 11 per cent throughout the first six months of 2022 and stood a median at 79 per cent.
Throughout the second quarter ending June 30, 2022, Air Arabia registered a web revenue of AED 160 million, in comparison with AED 10 million web revenue reported for a similar interval final yr. The corporate’s turnover for the second quarter of 2022 elevated by 125 per cent as demand for air journey elevated registering an AED 1.11 billion, in comparison with AED 496 million within the corresponding interval final yr. Greater than 2.7 million passengers flew with Air Arabia between March and June 2022 throughout the provider’s 5 hubs, a rise of 195 p.c in contrast the identical quarter final yr. The airline’s common seat load issue elevated by 13 per cent throughout the second quarter of 2022 and stood at a formidable common of 79 per cent.
Throughout the first half of the yr, Air Arabia added 6 new plane to its fleet and expanded its community by launching 16 new routes throughout its hubs within the UAE, Morocco, and Egypt. Air Arabia additionally unveiled the model identification of its newest two ventures ‘Fly Arna’ and ‘Fly Jinnah’ in Armenia and Pakistan respectively. In June, Fly Arna obtained it Air Working Certificates and in July, the provider celebrated the launch of its operations with direct flights connecting Yerevan to Hurghada and Sharm el-Sheikh in Egypt. Within the first half of the yr, Air Arabia absolutely resumed its metropolis check-in throughout the UAE and was named ‘Airline of the 12 months’ on the Air Transport Awards 2022. In March, the provider gained the “4-Star Low-Price Provider 2022” ranking by APEX – The Airline Passenger Expertise Affiliation.
Additionally printed on Medium.