Air Arabia posted a AED452.2 million ($123.1 million) profit in 2009, down 11.3% from the AED509.7 million reported the prior year, as it continued to grow despite what it called "an enormously challenging period." Revenue slipped 4.5% to AED1.97 billion and "cost of sales" was cut 3.5% to AED1.61 billion, the LCC said. Operating profit was down 14.2% to AED249.1 million from the AED290.2 million reported in 2008. Chairman Abdullah Bin Mohammad Al Thani remained positive, saying the result ...

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