Sunday 5 November 2017

UAE's Air Arabia reports 26.6% third quarter profit increase | ZAWYA MENA Edition

UAE's Air Arabia reports 26.6% third quarter profit increase | ZAWYA MENA Edition:

"Air Arabia , the United Arab Emirates' only publicly-listed airline, reported a 26.6 percent increase in third quarter profit on Sunday. The low cost airline said in an emailed statement it made a net profit of 376 million dirham ($102.4 million) in the three months to Sept. 30, compared with 297 million dirham in the same year-ago period. EFG Hermes and SICO Bahrain had forecast the airline, based in Sharjah, one of the emirates, would post a profit of 202.3 million dirhams and 285.5 million dirhams, respectively. "



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