Air Arabia, the United Arab Emirates’ only publicly-listed airline, reported a 26.6 percent increase in third quarter profit on Sunday.
The low-cost airline said in an emailed statement it made a net profit of $102.4 million (376 million dirham) in the three months to Sept. 30, compared with 297 million dirham in the same year-ago period.
Revenue for the period increased 3.6 percent to 1.16 billion, and the number of passengers the airline carried increased 3 percent to 2.33 million.
Along with Sharjah, Air Arabia also has bases in Jordan, Egypt, Morocco, and the UAE’s Ras Al Khaimah.
UAE’s Air Arabia reports 26.6 pct third quarter profit increase