Air Arabia reports 2013 net profit up 2%

Credit: Courtesy, Air Arabia
United Arab Emirates (UAE) low-cost carrier (LCC) Air Arabia reported a 2013 net profit of AED435 million ($118.4 million), up 2% compared to 2012. This represents a sharp slowdown in profitability compared to the previous year’s figures. Revenue was up 14% to AED3.2 billion year-over-year. The...

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