Middle East budget airline Air Arabia posted a surge in second-quarter profit as the number of passengers carried nearly tripled amid a rebound in air travel demand.
Net profit for the three-month period ended June 30 jumped to Dh160 million ($43.57m) from Dh10m in the same quarter last year, Air Arabia said in a statement on Wednesday.
The airline’s revenue for the period more than doubled to Dh1.11 billion, from Dh496m in the second quarter of 2021.
“The strong performance we witnessed in…