United Arab Emirates (UAE) low-cost carrier Air Arabia managed to significantly improve performance and recorded a 128% increase of its net profit in the second quarter, in spite of the aggressive fleet and network expansion of neighboring rival flydubai. Sharjah International Airport-based Air Arabia beat analyst expectations, reporting record net earnings of AED173 million ($47.1 million) for the quarter that ended June 30, up from AED76 million in the year-ago period. Investment analysts ...

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