Air Arabia Cites ‘Strong Fundamentals’ As Profit Rises

UAE LCC Air Arabia recorded a net profit of AED662 million ($180 million) for 2017, a 30% increase on its 2016 figure of AED509 million. It achieved the result on turnover fractionally down at AED3.7 billion. Passenger numbers were marginally up at just over 8.5 million, with load factor steady at...

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