Press releases, Reports & Disclosures for Air Arabia PJSC

Air Arabia, Middle East & North Africa’s largest low-cost carrier, has reported a record net profit of AED 1.32 billion for the first nine months of 2023, a 53% increase compared to the same period last year. The company's revenue also increased by 16% to AED 4.45 billion. The third quarter of 2023 saw a net profit of AED 522 million, a 26% increase from the previous year, and revenue of AED 1.63 billion. The number of passengers carried in the first nine months of 2023 increased by 21% to 12.4 million. These results represent an all-time high for the carrier.

On 13th November 2023, the board of directors of Air Arabia held a meeting as previously disclosed. During this meeting, the board ratified the financial statements for the second quarter of 2023. The information was communicated by Abdelrahman Bin Taliah, the Director of Corporate and Government Affairs.

Air Arabia has scheduled a board of directors meeting on November 13, 2023, at 3:00 pm. The meeting will focus on discussing the financial results of the third quarter of 2023. The communication is addressed to Dr. Maryam Al Suwaidi, CEO of the Emirates Securities and Commodities Authority (ESCA), and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market (DFM). The information is disclosed by Abdelrahman Bin Taliah, Director of Corporate & Government Affairs at Air Arabia.