Air Arabia (PJSC) today reported entire year money related outcomes for 2016 as the Middle East and North Africa’s first and biggest minimal effort bearer kept on conveying solid development and solid levels of productivity in spite of testing economic situations.
Air Arabia’s net benefit for the entire year finishing December 31, 2016 was AED 509 million, a 4 for each penny lower than 2015 figure of AED 531 million. Turnover for the entire year 2016 was in accordance with the former 12 months achieving AED 3.8 billion. More than 8.4 million travelers flew with Air Arabia in 2016, a 12 for every penny year-on-year increment. The normal seat stack figure – or travelers conveyed as a rate of accessible seats – in 2016 remained at an amazing 79 for every penny.
Taking after its strong entire year 2016 execution, Air Arabia’s Board of Directors proposed a profit dispersion of 7 for every penny of share capital, which is identical to 7 fils for every share. This proposition was made after a meeting of the top managerial staff of Air Arabia and is liable to approval via Air Arabia’s shareholders at the organization’s up and coming Annual General Meeting.