The airline’s net profit for Q3 was AED 297 million (USD80.9 million), up 26 percent compared to corresponding period in 2015.

In Q3, Air Arabia served over 2.27 million passengers, a 14 percent increase compared to two million passengers in the same period in 2015.

The average seat load factor stood at an impressive 81 percent.

Commenting on the results, Abdullah Bin Mohammed Al Thani, chairman, Air Arabia, said, “Despite challenging trading conditions driven by excess capacity in the market, political instability in some markets and the effect of lower oil price in the regional economies, we remain confident about the long-term prospects for the low cost industry in [the] region […].”