After several years of shrinking margins in the Gulf region, an improvement in yield margins helped LCC Air Arabia to post profits of AED110 ($30 million) for 1Q 2018, up 8% compared to AED102 million for the year-ago quarter. The Sharjah-based carrier’s turnover for the period also rose 8%, to AED877 million, compared to AED810 million last time. Load factor was static at 80% compared to a year ago; the company’s fleet grew to 51 Airbus A320s, with three more scheduled to ...

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