Dubai-listed Air Arabia has announced its financials for the first nine months and third quarter of 2014. The airline reported a net profit of AED 498.38 million ($135.7 million) during the nine-month period ending September 30, 2014, a surge by 46.3% compared to AED 340.67 million ($92.75 million) during the same period last year.

Air Arabia reported a net profit of AED 250.7 million during the third quarter this year against a net profit of AED 206.4 million during the corresponding period in 2013, registering a growth by 21.45%.

The nine-month profit surge is attributed to increasing revenue to AED 2.85 billion against AED 2.37 billion during the same period in 2013.

Worth mentioning, the airline operator reported a net profit of AED 247.7 million during the first half of 2014, compared to AED 134.25 million during the first half of 2013, registering a surge by 84.5%. Moreover, financials for the second quarter of 2014 amounted to AED 172.8 million compared to AED 75.6 million, a leap by 128.45%.

Air Arabia’s capital amounts to AED 4.67 million distributed on 4.67 million shares, at par value AED 1 per share.