Sharjah, UAE-based low-cost carrier (LCC) Air Arabia recorded a first-half net profit of AED245 million ($66.7 million), up 3.5% compared to the same period last year. The profit figure was achieved on turnover of AED1.84 billion, up 5.5% from last time’s figure of AED 1.75 billion.  The carrier experienced robust growth in passenger demand, with the 4.1 million passengers flown, representing a 14% rise on the corresponding period last year. Load factor was 79%. “Despite ...

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