Air Arabia’s net profit for the three months ending September 30, 2008, stood at
AED 214 million, an increase of 30% compared to AED 165 million during the third quarter of 2007.
For the third quarter of 2008, the company posted a turnover of AED 625 million,
up 69% compared to AED 369 million during the third quarter of last year.
During the third quarter of 2008, the airline served 978,794 passengers, an
increase of 34% compared to 729,745 passengers during the same period in
For the third quarter, Air Arabia’s average seat load factor – or
passengers carried as a percentage of available seats – remained at an
Adel Ali, Board Member and Chief Executive Officer of Air Arabia, said,
“This quarter has been busy and special with its conclusion came the start of our
five-year anniversary celebratory month. As we look ahead
toward the next five years, we intend to continue in the same vein – to grow our fleet of aircraft,
expand our network of destinations and
continue to offer the very best value-for-money service throughout the regions we serve and beyond.”
The positive financial results for Air Arabia in the third quarter of 2008 reflect a
continued upward trend for the carrier. For the first nine months
of 2008, the company posted a net profit of AED 374 million, up 34% compared to AED
280 million during the same period last year. For
the same period, the company posted a turnover of AED 1,495 million, up 68% compared to AED 889
million in the first nine months of
2007. In the first nine months of 2008, the airline served a total of 2,601,967 passengers, an increase of 33% compared to
passengers during the first nine months in 2007.
other recent news regarding: