Air Arabia net income soars despite fuel price hike.docx

Air Arabia net income soars despite fuel price hike.docx

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AirArabianetincomesoarsdespitefuelpricehike

AirArabianetincomesoarsdespitefuelpricehike

DUBAI,Feb.16（Xinhua）--MiddleEast'sbiggestbudgetcarrierAirArabiasaidSaturdayitsnetincomein2012soaredto115.9millionU.S.dollars,a13percentincreaseyearonyear,localmediareported.

Sharjah-basedAirArabiaachievedtheprofitincreasedespiteasharpriseinoilpricesbyexpandingitsglobalnetwork,takingmoreaircraftdeliveriesaswellasofferingitscustomerswiderproductofferingsandservices.Itsseatloadfactorreached82percentlastyear.

AirArabia,operatesflightsto82destinationsandintroducedninenewdestinationsin2012,isexpectedtotakedeliveryofanothersixnewaircraftin2013.

Itsshares,listedattheDubaiFinancialMarket,gained48percentinvalueinthelast12months.

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