Subscribe Free
in Business & Finance

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.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Fourth Middle East Safety Summit to go ahead in October in Riyadh

The General Authority of Civil Aviation (GACA), in collaboration with the International Civil Aviation Organization (ICAO), will organise the Fourth Middle East Safety Summit from 2-3 of October 2018 in the capital city of Riyadh.

Engines power MTU's generation gain

MTU Maintenance sees good growth opportunities for MRO in the Middle East. Sami Ben-Kraiem, the company’s vice-president marketing and sales, Middle East and Southeast Asia, talks to Chuck Grieve.

VistaJet to move HQ to Dubai with new technology division

Dubai is to be the headquarters of a new business aircraft leasing and flight-booking technology company headed by the founder of VistaJet, Thomas Flohr.

On Air Dining recruits top executive chef

On Air Dining, the luxury executive in-flight concierge, has announced the appointment of Mark Brega as it’s executive chef.

Solvochem becomes a supplier of aviation gasoline in the Middle East

Solvochem, a supplier of chemicals, petrochemicals, solvents and plastics worldwide, has invested in state-of-the-art facilities for drumming aviation gas (AvGas) at its Jebel Ali location.

Riyadh is named as the headquarter for the Regional Safety Oversight Organisation for MENA

The General Authority of Civil Aviation (GACA) has announced the selection of the city of Riyadh as the headquarter for the Regional Safety Oversight Organisation for the Middle East and North Africa (RSOO – MENA).

MNGJetSK2908121018
See us at
Aviation Africa BT0607280219Cargo BT1004091018BIAS BT271017161118Istanbul Airshow BT22018GATM BT1004061118MarrakechAirshow BT2507241018AIME19BTA3005120219MEBAA BT1004121218MAPS18_BT1207131118ASDubai BT1004091018