Air Arabia announced its net profit

According to Amac News: This airline has said that the recorded figure shows a 22% decrease compared to the same period last year. The financial results of this company in the first three months of 2023 were about 342 million dirhams.
The company's report stated that more than 4.4 million passengers flew with Air Arabia Group between January and March 2024 at the airline's operational centers, which is a 13 percent increase compared to the total of 3.9 million passengers in the first quarter of last year.
Sheikh Abdullah bin Mohammed Al Thani, chairman of Air Arabia, said first-quarter net profit was impacted by the seasonal change in Ramadan, higher fuel prices, currency fluctuations in key markets, and ongoing supply chain challenges, which led to higher inflationary costs across the industry has helped.
During the first three months of 2024, Air Arabia added two new routes to its global network from its operational hubs in the UAE, Morocco, Egypt and Pakistan.
The company serves passengers with its modern fleet of 74 new Airbus A320 and A321 aircraft.
Air Arabia was ranked third worldwide in "Airline Weekly" list of the world's most profitable airlines.