Latest news with #lowcostcarrier
Times of Oman
2 days ago
- Business
- Times of Oman
Now fly to India at OMR 19.9, Bangladesh at OMR 39.9
Muscat: SalamAir, the low-cost carrier of Oman, has announced special fares to India and Bangladesh. In a social media post, Salam Air announced Mumbai fares from OMR 19.9, Delhi, Hyderabad, Bangalore and Chennai from OMR 21.9 and Lucknow from OMR 29.9 from Muscat International Airport.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Ryanair Net Profit Surges After Boost From Easter Timing
Ryanair's RYA -2.08%decrease; red down pointing triangle first-quarter net profit more than doubled, driven by the Easter holiday being in April and an increase in fares. The Irish low-cost carrier on Monday said it made net profit of 819 million euros ($952.2 million) for the three months to the end of June, from 360 million euros in the same period of the previous year.
Reuters
2 days ago
- Business
- Reuters
Ryanair's April-June net profit doubles on Easter timing, fare rebound
DUBLIN, July 21 (Reuters) - Ryanair's (RYA.I), opens new tab net profit more than doubled in its April-June quarter, thanks to the timing of Easter holidays and better-than-expected last-minute fares, Europe's largest low-cost carrier said on Monday. The Irish airline, Europe's largest by passenger numbers, reported a net profit of 820 million euros ($953 million) for the first quarter, up from 360 million euros in the same period last year when Easter was in March. A Ryanair poll of analysts had expected 716 million euros. "Q1 fares substantially benefited from having a full Easter holiday in April, weak prior-year comps and marginally stronger than expected close-in pricing," CEO Michael O'Leary said in a statement. Average fares rose 21% from the same quarter last year, the statement said. "We... cautiously expect to recover almost all of last year's 7% full-year fare decline, which should lead to reasonable net profit growth in FY26," which ends on March 31, O'Leary said. Ryanair shares closed at 23.12 euros on Friday, down 7.5% from the all-time high of 24.98 euros hit on July 8. ($1 = 0.8603 euros)
Emirates 24/7
6 days ago
- Business
- Emirates 24/7
Air Arabia Abu Dhabi to increase operational capacity by 40% in 2025
Air Arabia Abu Dhabi, the capital's first low-cost carrier, has expanded its fleet with the addition of two Airbus A320 aircraft, bringing its total fleet size to 12 aircraft, as part of the airline's ongoing growth strategy. The carrier also announced plans to add two more Airbus A320 aircraft before the end of the year. This planned fleet increase will boost total capacity by 40 percent in 2025, further reinforcing Air Arabia Abu Dhabi's commitment to the growth of Abu Dhabi's aviation sector and the emirate's broader economic development. Adel Al Ali, Group Chief Executive Officer, Air Arabia, said, 'The addition of new aircraft and our strategic fleet expansion reflect our ongoing commitment to enhancing operational efficiency and expanding our network reach. This growth supports the rising demand for air travel to and from Abu Dhabi.' He added, 'The planned capacity increase in 2025 will further contribute to the capital's broader economic and tourism vision while continuing to offer value-driven air travel to our customers.' Air Arabia Abu Dhabi's recent network expansions include new routes to Yerevan, Almaty, and Sialkot, further broadening its reach. The airline now connects Abu Dhabi with non-stop service to over 30 destinations across the Middle East, Africa, Central Asia, the Indian Subcontinent, and Eastern Europe, offering seamless travel options for residents, businesses, and visitors alike.
Gulf Business
6 days ago
- Business
- Gulf Business
Air Arabia Abu Dhabi to increase operational capacity by 40% in 2025
Image: Air Arabia Air Arabia Abu Dhabi has added two new Airbus A320 aircraft to its fleet, bringing the total number of aircraft operated by the capital's first low-cost carrier to 12, the airline announced on Wednesday. The fleet expansion is part of the carrier's broader strategy to scale operations and strengthen Abu Dhabi's role as a growing aviation hub. The airline also plans to add two more A320s by the end of 2025, which will raise total capacity by 40 per cent. The increase is intended to support growing demand for travel and aligns with the emirate's economic and tourism development goals. Air Arabia Abu Dhabi capacity increase aligned with plans 'The addition of new aircraft and our strategic fleet expansion reflect our ongoing commitment to enhancing operational efficiency and expanding our network reach,' said Adel Al Ali, group CEO of Air Arabia Abu Dhabi, launched in 2020, currently connects the UAE capital to more than 30 destinations across the Middle East, Africa, Central Asia, the Indian Subcontinent, and Eastern Europe. Its latest route additions include Yerevan, Almaty, and
