Air Arabia profits jump 57% as passenger demand rises
Air Arabia reported Sunday a 57% jump in its net profit for Q3 of 2019, reaching Dh471m (US$128.23m) as passenger demand grew. The results put profits in the first 9 months of this year at Dh809m, up 53% from the Dh530m recorded in the same period last year. The growth came as the carrier carried over 3.4m passengers in Q3 from its 4 hubs in the UAE, Egypt, and Morocco. Passenger traffic was up 10% year-on-year. Air Arabia said its earnings for the quarter were backed by high customer demand, a growth strategy, and cost control measures. Revenues for Air Arabia were also higher year-on-year, reaching Dh1.4b in Q3, up 12%. In the first 9 months of this year, revenues rose by 17% to reach Dhh3.6b as the carrier served over 9.2m passengers in the period (an 11% increase). <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-12/unaligned/air-arabia-profits-jump-57-as-passenger-demand-rises
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Air Arabia profits jump 57% as passenger demand rises
Air Arabia reported Sunday a 57% jump in its net profit for Q3 of 2019, reaching Dh471m (US$128.23m) as passenger demand grew. The results put profits in the first 9 months of this year at Dh809m, up 53% from the Dh530m recorded in the same period last year. The growth came as the carrier carried over 3.4m passengers in Q3 from its 4 hubs in the UAE, Egypt, and Morocco. Passenger traffic was up 10% year-on-year. Air Arabia said its earnings for the quarter were backed by high customer demand, a growth strategy, and cost control measures. Revenues for Air Arabia were also higher year-on-year, reaching Dh1.4b in Q3, up 12%. In the first 9 months of this year, revenues rose by 17% to reach Dhh3.6b as the carrier served over 9.2m passengers in the period (an 11% increase). <br/>
