Air Arabia cites ‘strong fundamentals’ as annual profit rises
UAE LCC Air Arabia posted a net profit of AED662 million ($180 million) for 2017, up 30% 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 79%.The...
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