Middle East low-cost carrier (LCC) Air Arabia has announced a return to its previously rapid growth in profits, after a sharp slowdown in 2013. The Sharjah-based carrier generated record net profits for the year ended Dec. 31, 2014 of AED566 million ($154 million), up 30% compared to the previous year. Revenue was 17% higher at AED 3.7 billion. Load factor, at 81%, was 1% higher than 2013. Air Arabia carried over 6.8 million passengers in 2014, 12% more than 2013. “Our program of ...

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