Wed, 2021-02-17 16:02
RIYADH: Air Arabia has reported a SR20 million ($5 million) fourth-quarter profit for 2020 which, although modest, was considered good in light of the challenges facing the aviation sector due to the COVID-19 pandemic, the carrier’s CEO Adel Ali told AlSharq Bloomberg.
Ali said oil prices, the gradual return of flights due to a drop in travel restrictions and the reopening of borders during the last few months of 2020 had helped contribute to profits being achieved in the final quarter of last year.
Main category:
Tags: