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Dubai-listed budget carrier Air Arabia’s Q3 2024 net profit rose 8% year-on-year (YoY) to 564 million dirhams ($153.5 million) as passenger numbers grew.
The profit beat the average analysts’ estimate of AED 411.13 million, as per LSEG data
Revenue grew to AED 1.78 billion, up 10% compared with the third quarter of last year.
The Sharjah-based airline’s average seat load factor — representing the percentage of available seats occupied — increased by 2% to 81%.
(Writing by Brinda Darasha; editing by Daniel Luiz)
