- (Sharjah – Al-Bayan)
Date: 03 November 2020 Air Arabia, the first and largest economic carrier in the Middle East and North Africa region, won first place in Air Finance magazine’s list of the top 100 global airlines, following the magazine’s evaluation of the performance presented by these companies according to several financial and operational measures, including total revenues and net income , EBITDA margins, fixed fees, liquidity, leverage, fleet size and average life. Air Arabia ranked first for the first time.
The list assessed the performance metrics and financial condition of all companies during the last 12 months, from March 31, 2019 to March 31, 2020. Air Arabia outperformed 99 other global airlines after scoring the highest average in all of the metrics taken into consideration by the report.
Adel Al-Ali, Chief Executive Officer of Air Arabia Group, said: “Air Arabia Solutions comes first, affirming the company’s strong assets and its firm commitment to operational excellence. Despite the various challenges in the operating environment of the aviation sector, multiple metrics confirm that we have comprehensive strengths that allow us to achieve additional long-term value for our customers and shareholders alike.
MENAFN0211202001100000ID1101059533
These were the details of the news Emirates-Arabia at the top of the top 100 airlines for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
