Air Arabia’s 3Q 2024 Profit Rises 8% to $153.5 Million Amid 10% Revenue Growth

Air Arabia, a leading low-cost airline based in the UAE, has posted strong financial results for the third quarter of 2024, with net profit rising by 8% to $153.5 million. This growth was supported by a 10% increase in turnover, which reached $484 million. The airline’s financial performance reflects its resilience and effective management in a competitive aviation market. Additionally, Air Arabia reported a robust liquidity position, with $1.3 billion in cash and cash equivalents, underscoring its capacity to navigate future opportunities and challenges.