Gulf LCCs Turn In New Earnings Highs
Credit: Rob Finlayson
Two Gulf LCCs, Air Arabia and Jazeera Airways, have turned in record annual 2019 profits. Sharjah-based Air Arabia reported a net profit of AED1 billion ($272 million), an increase of 80% on 2018, excluding the impairment accounting treatment that the company took for the latter year. Turnover was...
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