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AIR ARABIA airarabia.com Low-cost carrier (LCC) Air Arabia has continued to expand, but saw a sharp slow-down in profitability last year. It posted a net profit of AED435 million ($118.4 million) for 2013, up just 2% compared to 2012. Passenger numbers rose by a respectable 15%, from 5.3 million in 2012 to 6.1 million last year. Load factor was 80%, down from 82% in 2012. The Sharjah-based carrier, which has two joint venture operations in Egypt and Morocco, effectively became the ...
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