Air Arabia boosts 3Q net profit despite overcapacity

Credit: Airbus
United Arab Emirates (UAE)-based low-cost carrier (LCC) Air Arabia has posted third-quarter net profits of AED297 million ($80.8 million), up 26% from a net profit of AED235 for the same period last year. The Sharjah-based LCC achieved the result on revenues of AED1.12 billion, roughly similar to a...

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