Air Arabia 2008Q4 profit AED136m +45%
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Air Arabia 2008Q4 profit AED136m +45%
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sharewadi
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AA profit news

Posted on Sat 09 May 2009 13:22 by sharewadi 		Reply with quote

bandakok wrote:
AA did v.good and expect Q1 to top that figure.

Not quite - Air Arabia profit for 2009 Q1 just announced.
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joeoma
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Re: AA profit news

Posted on Sat 09 May 2009 15:46 by joeoma 		Reply with quote
The first quarter has always been the least profitable quarter for AA. So even though Q1/09 profit has been less than Q4/08, It has still been their most profitable first quarter. So AA on track for a record full year profot in 09.

AA is one of the few companies with strong fundementals and solid growth on DFM.
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sam111sam
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Re: AA profit news

Posted on Sat 09 May 2009 20:43 by sam111sam 		Reply with quote
joeoma wrote:
The first quarter has always been the least profitable quarter for AA ...


True, for most regional Airlines 1Q is always a challenge.. When you see the load factors and air tickets prices,You can easily make make out why

I think AA is doing well but not sure when Fly Dubai will launch and how many distinations they will have in 2009...these could be a real threat to AA
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Posted on Sat 09 May 2009 20:58 by mnazarh 		Reply with quote
AA has first mover advantage. It will remain the market leader in the region for some time until Fly Dubai gets established. Lets hope management at AA do not become complacent and overconfident.
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small fry
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Re: AA profit news

Posted on Sun 10 May 2009 12:31 by small fry 		Reply with quote
sam111sam wrote:
I think AA is doing well but not sure when Fly Dubai will launch and how many distinations they will ...



Maybe the Q1 profits were better than expected because of the many people flying out of Dubai? Don't mean to be a wet towel just realistic.
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Re: AA profit news

Posted on Sun 10 May 2009 12:52 by joeoma 		Reply with quote
small fry wrote:
Maybe the Q1 profits were better than expected because of the many people flying out of Dubai? Don't ...


Low cost carriers always do well in recessionary enviroments.

Another ecouraging sign was that altough total net profit was up 32% compared to the Q1/08, the operating profit was up by almost 74%. This fact make the results look even more impressive.
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