Air Arabia reported a AED214 million ($58.2 million) third-quarter profit, up 29.7% from the AED165 million earned in the year-ago period. The Sharjah-based LCC enjoyed a 69% year-over-year increase in revenue to AED625 million on a 34% rise in passengers to 978,794. Load factor was level at 87%. Nine-month profit of AED374 million was up 34% from AED280 million in the first three quarters of 2007. The airline celebrated its fifth anniversary two weeks ago.
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