Dubai – Mubasher: Air Arabia's profits grew 26% year-on-year in the third quarter in 2016, according to a bourse filing on Sunday.
Net profits amounted to AED 297 million ($80.84 million) in Q3-16, compared to AED 235 million ($64 million) in Q3-15.
The company's profits increased 15% to AED 542 million in the first nine months of 2016, compared to AED 472 million in the prior-year period.
Revenues rose 3% to AED 2.96 billion in nine-month period of 2016, up from AED 2.86 billion in the year-ago period.
