Air Arabia records strong Q1 with net profit of $93.12 million

Air Arabia reported a strong first quarter 2023 financial and operational result as the airline continues to expand its network and strengthen its leadership position in the market. Air Arabia reported a net profit of $93.12 million for the first three months ending March 31, 2023, an increase of 17% compared to Dh. 291 million registered in the corresponding quarter in 2022. In the same period, the airline posted a turnover of Dh. 1.42 billion, a 27% increase in turnover compared to the Q1 of 2022. The Air Arabia Group flew over 3.9 million passengers between January and March 2023