Air Arabia's profits decreased by 45% to reach 71 million dirhams in the first quarter of 2020 compared to 128 million dirhams in the first quarter of 2019. According to the Emirates News Agency, the company's revenues in the first quarter of this year amounted to 901 million dirhams, a decrease of 12 percent compared to the revenues for the same period last year. > The company indicated that it carried more than 2.4 million passengers in its fleet in the first quarter of 2020 through its four operations centers, a decrease of 14 percent compared to the number of passengers who were transported during The first quarter of last year.
The seat occupancy ratio / ratio of passengers to the number of seats available / maintained a high rate during the first three months of 2020, registering an average of 83 percent.
Sheikh Abdullah bin Mohammed Al Thani, Chairman of the Board of Directors of Air Arabia, said that the carrier had started the beginning of this year with a strong performance that included its various operations, but the repercussions of the current crisis on the global aviation sector It affected the overall performance of the first quarter and despite these challenges we are pleased that Air Arabia was able to record profitability during the first three months of this year. He added, "We were quick to take all possible measures to protect our travelers and our work teams and to ensure the continued conduct of our flights wherever possible. The management team also made a series of decisions aimed at controlling fixed and operational costs." During this period and supporting the continuity of our business at the same time, we are currently continuing to implement all these measures in a period when the world faces one of the most powerful challenges in the history of the entire aviation sector. Sheikh Abdullah bin Mohammed Al Thani concluded by saying that Air Arabia pursues a business model that is flexible and effective and is based on a clear business strategy, and while these influences continue to affect the global economy without seeing Clear for the future, today we affirm our absolute confidence in the strength of the aviation sector around the world and its pivotal role in supporting the post-crisis economic recovery. Li international safety standards. Air Arabia announced last April that Air Arabia Abu Dhabi obtained a certificate from an air operator, confirming its readiness to start operating its flights from Abu Dhabi according to the improvement of market conditions and the return of travel traffic. To its usual activity.
