United Arab Emirates (UAE)-based low-cost carrier (LCC) Air Arabia has posted third-quarter net profits of AED297 million ($80.8 million), up 26% from a net profit of AED235 for the same period last year. The Sharjah-based LCC achieved the result on revenues of AED1.12 billion, roughly similar to a year ago. The company said the improved profit figure reflected the success of its continued expansion strategy. Air Arabia carried 2.27 million passengers, up 14% from the year-ago quarter. ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.