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Air Arabia increases profits at Q3 stage

Posted 6 November 2017 · Add Comment

Sharjah-based low cost carrier Air Arabia has seen improvements in the third quarter reporting a 27% increase in net profit to $102 million.

This brought the year to date net profit to almost $173 million – a 17.5% improvement
It also reported a revenue rise of 4% to more than $480 ,illion.
The airline introduced three additional Airbus A320s during the year and expanded its network with 14 new routes across its five hubs. This enabled Air Arabia to transport 3% more passengers – a total of 2.3 million – during the three-month period to 30 September, and recorded an 81% load factor.
 

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