Air Arabia net profit jumps 126% to Dh226m in Q3

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Air Arabia's net profit for the third quarter of 2012 increased 126% year-on-year to UAE dirhams (Dh) 226 million ($48.4 million).

The airline's turnover for the three months to 30 September increased 19% to Dh836 million.

Passenger numbers during the quarter grew 14% year-on-year to 1.3 million, with average load factor of 82% for the period.

Year-to-date, net profit climbed 75% year-on-year to reach Dh342 million and the turnover rose 21% to Dh2.2 billion.

Passenger numbers during the nine month period grew 12% to 3.9 million while the average load factor stood at a strong 83%.