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Air Arabia reports Q3 loss, in strong position to weather pandemic

DUBAI, Nov 10 (Reuters) - Middle East budget carrier Air Arabia on Tuesday reported a third-quarter loss and said it was in a strong position to weather the impact of the coronavirus crisis.

The United Arab Emirates-listed airline lost 44.1 million dirham ($12 million) in the July - September period, compared with a 471.3 million dirham profit in the same period last year.

Passenger traffic fell 80% in the quarter to 665,456, while revenue fell by 80% to 294 million dirhams.

Air Arabia resumed a limited number of scheduled flights in the quarter after mostly operating repatriation, charter, and cargo in the second quarter due to the pandemic.

The airline operates from bases in the UAE, Egypt and Morocco. ($1 = 3.6728 UAE dirham) (Reporting by Alexander Cornwell. Editing by Jane Merriman)

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