Air Arabia reports Q3 loss, in strong position to weather pandemic

Middle East budget carrier Air Arabia Tuesday reported a Q3 loss and said it was in a strong position to weather the impact of the coronavirus crisis. The United Arab Emirates-listed airline lost 44.1m dirham ($12m) in the July - September period, compared with a 471.3m dirham profit in the same period last year. Passenger traffic fell 80% in the quarter to 665,456, while revenue fell by 80% to 294m dirhams. Air Arabia resumed a limited number of scheduled flights in the quarter after mostly operating repatriation, charter, and cargo in Q2 due to the pandemic.<br/>