News Column

Al Jazira maintains "Overweight" on Air Arabia

February 20, 2014

Al Jazira Capital issued a report on Air Arabia, stating that Q4-13

financial results showed a deviation of 4.5% compared to expectations. Al

Jazira maintained "Overweight" recommendation on the stock, defining its

12-month fair value at AED 1.81. The airline posted net income of AED 435

million. Air Arabia posted net profit of AED 91.8 million, depicting a

jump of 12%. Q4-13 revenue stood at AED 811 million, increasing 8%.;

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Source: Mubasher (Saudi Arabic)

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