Gulf low-cost carrier (LCC) Air Arabia earned net profits of AED 530 million ($144 million) in 2015, down on the previous year’s figure of AED 566 million. Revenue climbed slightly, to AED3.83 billion, up from AED3.73 billion in 2014. The Sharjah-based carrier recorded a 12% increase in passengers at 7.64 million, up from 6.8 million last time. Load factor dipped 2% to 79%. RPKs grew 9.4% to 15.1 billion, while ASKs were at 18.8 billion, up from 17 billion. It increased its Airbus ...

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