Air Arabia reports impressive third quarter profit

Air Arabia is the world's most profitable airline, thanks to its unique geographic position in the growing Middle East market, low costs and highly efficient operations. The earnings sweet spot is set to continue for Air Arabia as oil prices fall, although it will face increasing challenges from later in 2009 as flyDubai gets off the ground. Net profit surged 29.7% in the third quarter on a 69% increase in revenue.