Air Arabia posts 10% drop in 1Q net profit

Gulf low-cost carrier (LCC) Air Arabia reported a first-quarter net profit of AED103 million ($28 million), down 10% compared to net profit of AED114 million in the 1Q 2016. Revenue for the quarter was AED810 million, down 14% year-over-year. The airline said the results exceeded analysts’...
Alan Dron

Based in London, Alan is Europe & Middle East correspondent at Air Transport World.

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