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

SAMI acquires AEC

Saudi Arabian Military Industries (SAMI) has announced the signing of a Term Sheet Agreement to acquire 100% ownership in Advanced Electronics Company (AEC), which took place at a Saudi Arabia/UK industry event in London in the

Towering problem cut down to size

A new training course in Kuwait aims to help provide local air traffic controllers with the skills to take up positions in the nation’s control towers. Alan Dron reports.

Airways New Zealand and DGCA Lebanon open advanced ATC simulation facility

Airways New Zealand and the Directorate General of Civil Aviation (DGCA) Lebanon have officially opened an advanced air traffic control (ATC) simulation facility – future-proofing ATC training in Lebanon for decades to come.

Etihad Airways to launch seasonal summer flights to Alexandria

Etihad Airways will launch seasonal summer flights from Abu Dhabi to Alexandria.

IATA: Data, digital transformation to drive future customer experience

The International Air Transport Association (IATA) has urged aviation stakeholders to embrace data and digital transformation to help deliver a frictionless customer experience while enhancing safety and efficiency.

Gulf Air adds Maldives as it welcomes its third Airbus 320neo

Gulf Air has welcomed the airline’s third Airbus A320neo, which on October 26 will begin operating to Gulf Air’s newest destination – Male in the Maldives.

Luxivair SK2404240719
See us at
DIAC19_BT264161119MEBAA BT2006260919ACCA19_BT_2404091019Dubai AS BT2006211119