External broker reports(aggregated public sources), International Securities

International Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Air Arabia posted 1Q24 profit after tax if AED241mn, down 29% YoY (+7% QoQ), below our estimates</li><li>While the revenue increased 8% YoY to AED1</li><li>5bn led by fleet expansion, margins came in lower due to inflationary costs, supply chain challenges and corporate taxes</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Air Arabia posted 1Q24 profit after tax if AED241mn, down 29% YoY (+7% QoQ), below our estimatesWhile the revenue increased 8% YoY to AED15bn led by fleet expansion, margins came in lower due to inflationary costs, supply chain challenges and corporate taxesContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Air Arabia - 1Q24 Earnings Down 29% YoY (+7% QoQ) To AED241mn, Below Estimates

Air Arabia PJSC

Air Arabia - 1Q24 Earnings Down 29% YoY (+7% QoQ) To AED241mn, Below Estimates