Air Arabia A320. Air Arabia Group reported a consolidated second quarter net profit of AED49.5 million ($13.5 million), down 44.8% from the AED89.7 million it earned in the year-ago period. But it argued that the “decline in profitability was in line with global industry performance, which continues to be impacted by changing market dynamics, characterized by increases in fuel costs and continuous pressure on yield margins.” Quarterly revenue rose 5.9% to AED485.4 ...

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