The whole context is still challenging
Air Arabia reported a net profit of AED103m for the three months ending 31st March, 2017, a 10% less than the corresponding 2016 figure of AED114m. In the same period, the airline posted a revenue of AED810m, 14% less than the corresponding first quarter of 2016. More than 2.1 million passengers flew with Air Arabia between January and March 2017, in line with the record number of passengers carried in the first quarter of 2016.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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