Mubasher: Air Arabia ranked the third in the top 50 global airlines compiled by UK-based “Airfinance Journal”, according to a statement.
‘The Airline Top 50’ report evaluated the performance of 137 airlines based on a set of operational and financial parameters, including total revenue, net income, passenger yield, liquidity, and leverage.
Air Arabia was ranked the World’s second in terms of fixed charge cover and fourth in terms of liquidity.
The airline’s high liquidity rate of 49.2% significantly improves its ability to divert surplus cash towards supporting business expansion and cushion the business against market headwinds.
“The report confirms Air Arabia’s solid financial standing and its all-around excellence in maintaining high operational standards,” according to Air Arabia’s CEO Arabia Adel Al Ali.
