(MENAFN) Air Arabia announced that its third-quarter profit increased more than the double from last year's same period to USD61.5 million, reported Arabian Business.
The UAE budget airline said that revenues in the period jumped 19 percent to USD227.54 million.
The carrier, which operates out of Sharjah International Airport, saw its passenger traffic growing by 14 percent in the quarter, to 1.37 million passengers.
The carrier that recently launched services to Russia's Kazan, Uffa and Rostov, noted that average seat load factor stood at 82 percent.
It is worth noting that Air Arabia has a secondary hub in Casablanca, Morocco, and a third one in Egypt's Alexandria.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.