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Despite an industry-wide decline in yield margins in the first quarter (Q1) of this year, Air Arabia delivered solid commercial and operational results, which are said to have surpassed analysts' expectations.

During Q1, net profit stood at AED103 million (USD28.04 million), a 10 percent year-on-year drop, while the turnover reached AED810 million (USD220.52 million), 14 percent decrease compared to the corresponding period in 2016.

The low-cost carrier compensated for the challenging quarter by maintaining strong passenger demand, achieving a seat load factor of 81 percent, as well as applying cost control measures.

Sheikh Abdullah Bin Mohamed Al Thani, chairman, Air Arabia, commented that due to rising passenger demand for low cost travel, the company remains confident of its further growth.