Air Arabia reports record Q3 profit of $153.55M, despite a slight dip in 9-month net profit.

Air Arabia, a major low-cost airline in the Middle East and North Africa, reported a record net profit of Dh564 million ($153.55 million) for Q3 2024, an 8% rise from the previous year. The airline's revenue increased by 10% to Dh1.78 billion, while the number of passengers rose by 8% to over 5.1 million. Despite a slight 5% drop in net profit to Dh1.25 billion for the first nine months of 2024, compared to the same period in 2023, Air Arabia added six new aircraft and launched 22 new routes across its hubs.

November 11, 2024
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