Air Arabia PJSC Third Quarter 2024 Earnings: EPS: د.إ0.11 (vs د.إ0.11 in 3Q 2023)

Air Arabia PJSC (DFM:AIRARABIA) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ1.79b (up 9.6% from 3Q 2023).
• Net income: د.إ525.0m (flat on 3Q 2023).
• Profit margin: 29% (down from 32% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: د.إ0.11.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Air Arabia PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Airlines industry in Asia.

Performance of the market in United Arab Emirates.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Air Arabia PJSC you should be aware of, and 1 of them is potentially serious.

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