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Air Arabia Reports AED44m Net Loss in Q3

MIAMI – UAE-based low-cost carrier Air Arabia (G9), the first and largest in the Middle East, has reported an AED44m (US$12m) loss in the third quarter as the pandemic is still affecting passenger demand, aviation portal Aviator reported on November 12.

According to the portal, “the company’s turnover for the third quarter of 2020 registered AED294m (US$80.05m), and a total of 665,456 passengers were served from all five hubs in the same period,” noting that the quarter “witnessed partial resumption of scheduled flights to a limited number of destinations across the Air Arabia network.”

Air Arabia’s Chairman Sheikh Abdullah Bin Mohamed read more ⇒

Source:: “Airways Magazine”

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