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English news

08-Mar-2016

Air Arabia expects  to see declining yields and growing sales in 2016

Air Arabia(AIRA.DU) expects to see a continued decline in yields due to lower oil prices and a tough operating environment, according to the company’s CEO Adel Ali. In 2015 the company's yields decline was better than the global average decline of 11%. For 2016, the company will see growth from a 9% increase in capacity and new route additions; as Air Arabia will receive six aircraft in 2016. For 2017, Air Arabia will receive four more aircraft and plans on relying on the company’s internal resources, given the company’s solid cash position, Adel added, noting that the company can always lease when it finds the need and can put new orders once ready. (Gulf News)

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