Air Arabia reported a profit of AED416 million for the third quarter
As the carrier continues to deliver solid operational and financial results, Air Arabia announced record financial results for the third quarter ending 30th September, 2022. Compared to AED209 million in the corresponding third quarter of 2021, Air Arabia’s net profit for the third quarter of 2022 increased by 99 percent to AED416 million. Compared to last year’s same quarter, the airline generated turnover of AED1.6 billion, a 100 percent increase.
Between July and September 2022, Air Arabia Group carried more than 3.9 million passengers across its six hubs in the UAE, Morocco, Egypt, and Armenia. This is an increase of 103 percent over the same period last year. In the third quarter of 2022, the average seat load factor – or the number of passengers carried as a percentage of available seats – was an impressive 80 percent.