UAE budget carrier Air Arabia's said on Monday its third-quarter net profit more than doubled, beating analyst forecasts, as the airline carried more passengers and benefited from easing fuel costs.
The airline said its third quarter net attributable profit was 225.8 million dirhams ($61.5 million) for the three-month period ending Sept 30, up from 99.3 million dirhams a year-ago.
Two analysts had forecast profit of 170 million dirhams and 150.2 million dirhams in a Reuters poll.
Revenue for the quarter rose to 836.2 million dirhams from 701.8 million dirhams in the prior-year period.
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