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Sharjah-based low-cost airline Air Arabia has reported a second quarter profit of 459 million dirhams ($125 million), up manifold versus the AED 160 million it made in the year-ago period due to inclusion of a one-off receivable.
The Dubai-listed airline, which also flies from Abu Dhabi and Ras Al Khaimah, said its turnover grew by 25% to AED 1.39 billion for Q2.
First half 2023 net profit increased by 78% reaching AED 801 million and turnover exceeded AED 2.8 billion
The carrier said in a statement that it flew 7.7 million passengers during the quarter, up 47% year-on-year.
The statement…
