Air Arabia net profit up 55% in 2012

Air Arabia recorded a net profit of AED425 million ($115.7 million) for the year ended Dec. 31, 2012, up 55% on the AED274 million in 2011. Turnover was AED2.9 billion, an increase of 21% on 2011, while the number of passengers carried rose 13% to more than 5.3 million passengers. Load factor for...

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