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Air Arabia breaks even in first year.

AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD

Air Arabia, a low-cost airline based in the United Arab Emirates, has reported a break-even result for its first year of operation.

The company's chairman claimed that Air Arabia was the first airline in the Middle East to break even in its first year.

Air Arabia exceeded its target, as it had anticipated its first year to end in a loss, the second year to achieve break-even and the third year to result in a marginal profit.

Air Arabia is owned by the Sharjah government and has a fleet of five Airbus A320 aircraft.

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Publication:Airline Industry Information
Article Type:Brief Article
Geographic Code:7UNIT
Date:Feb 14, 2005
Words:114
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