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.

LCC flydubai reported a full-year loss of AED159.8 million ($43.5 million), reversed from a profit of AED37.3 million for 2017.

Berlin-based logistics company Zeitfracht Group has acquired German regional airline LGW from the Lufthansa Group.

Boosted by a sharp increase in passengers, Kuwaiti hybrid airline Jazeera Airways posted a 2018 net profit of KD8.7 million ($28.6 million), up 5.7% compared to a net income of KD8.2 million in 2017.

Qantas reported falling profits in its international operation for the six months through Dec. 31, 2018, but the airline predicts competitive and cost pressure in the international market will ease this year.