Air Arabia incurred net losses of 169 million dirhams during the first half, as a result of flights due to the repercussions of the Corona epidemic.
According to Al Bayan newspaper, the company's revenues amounted to 1.021 billion dirhams, down 53% compared to 2.173 billion dirhams during the same period last year. Air Arabia provided services to about 2.48 million passengers from its four centers of operations, a decrease of 57% compared to the number of passengers in the same period in 2019.
The direct reason for the decrease is the performance of the second quarter of the year during which air traffic was affected by a large percentage as a result of the Covid 19 epidemic, as regular flights were stopped due to the closure of airports and the suspension of flights Air traffic during the second quarter was mostly dependent on private, charter and air freight flights, and the repercussions of this situation led to a decrease in the company's revenues in the second quarter to reach 120 million dirhams, and thus affected the profitability of the second quarter, which recorded a net loss of 239 million dirhams.
Sheikh Abdullah bin Mohammed Al Thani, Chairman of the Board of Air Arabia, said: The unprecedented repercussions caused by the Covid-19 epidemic have placed the global aviation sector in the face of the most powerful challenges in its history. .
The major impact of the pandemic on aviation movement crystallized during the second quarter as a result of the closure of borders and the suspension of flights in all major markets. This reality pushed airlines to focus on controlling Costs and support for the global relief effort through special flights and air assistance.
(Amazon fun knowledge)
