Air Arabia increases 1Q profit 13%

Credit: By Rob Finlayson
Sharjah-based low-cost carrier (LCC) Air Arabia has recorded a net profit of AED85 million ($23 million), up 13% from a net profit of AED75 million a year ago. The profit was reached on revenue of AED886 million, up 7% compared to AED827 million over the same period in 2014. Passenger numbers grew...

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