Air Arabia increases net profit in Q3 2019

African low-cost carrier Air Arabia (PJSC) has revealed its third-quarter financial results ending September 30, 2019. During the period, Air Arabia registered a record net profit of AED 471 million for the three months ending September 30, 2019; an increase of 57% compared to the AED 300 million reported for the same period last year. The company’s turnover for the third quarter of 2019 increased by 12% to AED 1.438 billion, compared to AED 1.282 billion in the corresponding period last year. The strong third-quarter financial results were backed by solid growth in passenger demand during this period with Air