Air Arabia posts record third-quarter profit amid strong travel demand – The National

Air Arabia posts record third-quarter profit amid strong travel demand – The National

Budget carrier Air Arabia, the UAE's only publicly listed airline, posted record third-quarter profit amid strong air travel demand across its six hubs, but warned of the geopolitical and economic uncertainty facing the aviation industry.

Net profit for the three-month period ended September 30 nearly doubled to Dh416 million ($113.27m), from Dh209m in the same quarter last year, the airline said in a statement on Wednesday.

Revenue for the period also doubled year-on-year to Dh1.6 billion as the number of passengers carried more than doubled.