UAE’s Air Arabia Q3 net profit rises 26 percent
Airline carries more than 2.27 million passengers in the third quarter of 2016, an increase of 14 percent year on year
Budget carrier Air Arabia, the UAE’s only publicly-listed airline, reported a 26 percent rise in third-quarter net profit on Sunday.
The Sharjah-based firm made a net profit of $80.9 million (Dh297 million ) in the three months to Sept. 30, the company said in a statement.
This compares with a profit of Dh235 million in the corresponding period of 2015.
Air Arabia, which had reported declining profits in four of the preceding five quarters, carried more than 2.27 million passengers in the third quarter of 2016, an increase of 14 percent year on year.
The airline’s third-quarter revenue was Dh1.12 billion, “in line” with the revenue generated in the same period a year earlier, it said without elaborating.
Low-cost UAE carrier Air Arabia q1 profit surges 34 percentThe Middle East’s first and largest low-cost airline said its net profit in the first quarter hit $31.06 million Aviation & Transport
Air Arabia says Q4 net profit falls 13 pctThe Sharjah-based firm made a net profit of $16.1 million in the three months to Dec. 31 Business
Saudi Arabia bans Iran’s Mahan Air over safety concernsThe aviation authority cited "violations of national regulations related to safety of international carriers" Aviation & Transport
Air Arabia Jordan to launch services on May 18Carrier’s maiden flight will be to Kuwait City, with other services to Jeddah, Erbil and Sharm El Sheikh Aviation & Transport