Air Arabia closes the Q3 in green with net profit of AED 416 million

Air Arabia reported a net profit of AED 416 million for the quarter ending September 30, 2022, with an increase of 99% compared to AED 209 million registered in last year’s third quarter. The airline posted a 100% increase in turnover closing the quarter at AED 1.6 bn. The airline reported flying over 3.9 million passengers across six middle eastern destinations – UAE, Morocco, Egypt, and Armenia. The increase in passenger numbers was 103% more as compared to Q3 of 2021. Sheikh Abdullah Bin Mohamed Al Thani, Chairman of Air Arabia, said: “Air Arabia’s solid performance in the third quarter