United Arab Emirates (UAE) low-cost carrier (LCC) Air Arabia reported a 2013 net profit of AED435 million ($118.4 million), up 2% compared to 2012.  This represents a sharp slowdown in profitability compared to the previous year’s figures. Revenue was up 14% to AED3.2 billion year-over-year. The number of passengers rose 15%, from 5.3 million in 2012 to 6.1 million last year. Load factor was 80%, down from 82% in 2012. “We are extremely confident about the long-term ...

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