Air Arabia profits dip in 2015

Credit: Airbus
Gulf low-cost carrier (LCC) Air Arabia earned net profits of AED 530 million ($144 million) in 2015, down on the previous year’s figure of AED 566 million. Revenue climbed slightly, to AED3.83 billion, up from AED3.73 billion in 2014 . The Sharjah-based carrier recorded a 12% increase in passengers...

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