A look at Air Arabia’s performance and expected results for the third quarter of 2024

An Air Arabia aircraft

receive numbers This report looks at the company’s expected results Air Arabia The first low-cost airline in the Middle East and North Africa, based in the Emirate of Sharjah, during the third quarter of 2024. The report also includes the development of revenues, quarterly profits, performance indicators, and profitability.

The most important events during the third quarter of 2024:

– The company announced the launch of new direct flights from Sharjah to the Polish capital, Warsaw, where flights between Sharjah International Airport and Warsaw Chopin Airport will begin as of December 20, 2024.

– The company announced the resumption of its direct flights between Ras Al Khaimah and Jeddah in the Kingdom of Saudi Arabia, starting December 15, 2024. The service will launch at a rate of three flights per week, on Tuesdays, Thursdays and Sundays of each week, providing travelers with more comfort and flexibility for direct travel between the two cities..

– The trading and investment platform eToro announced that it has entered into a partnership with the Dubai Financial Market, allowing its 38 million registered users to invest in 10 companies listed on the market, including Air Arabia..

Average expectations of think tanks for third-quarter 2024 profits:

Expert houses’ expectations indicate, on average, that the company will achieve net profits of 428.5 million dirhams, as the company is covered by 4 companies, and these expectations are 18% less than what the company achieved for the same quarter of 2023. As the following table shows: