Air Arabia - 1Q24 Earnings Down 29% YoY (+7% QoQ) To AED241mn, Below Estimates
Air Arabia posted 1Q24 profit after tax if AED241mn, down 29% YoY (+7% QoQ), below our estimates. While the revenue increased 8% YoY to AED1
4Q23 Quarterly Result Previews
Our 4Q23e result would take FY23e profit to USD967mn, up 21% YoY and towards the high end of the management’s guided range of USD850mnUSD1bn.
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