Sharjah-based low-cost carrier Air Arabia reported a first-quarter net profit of AED75 million ($20.4 million), up 27% compared to a net profit of AED59 million in the year-ago period. Turnover for the quarter was up 14.5% to AED827 million year-over-year. First-quarter passenger numbers grew 12% to 1.63 million. Load factor was up 1 point to 81.5% year-over-year. Air Arabia chairman Abdullah Bin Mohammed Al Thani said: “Our route, fleet and hub expansion strategy continues to deliver ...

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