Air Arabia records 2018 loss on Abraaj-related impairment

Credit: Air Arabia
UAE-based LCC Air Arabia has recorded its first annual deficit for many years, slumping to a 2018 net loss of AED307 million ($83.6 million), reversed from a profit of $180 million in 2017. The loss came as the result of a proposed impairment by the company’s board following the Air Arabia Group’s...

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