Air Arabia 1H profits down 4% on yield pressures, investments

Credit: Rob Finlayson
Sharjah-based low-cost carrier (LCC) Air Arabia reported a first-half net profit of AED237 million ($64.5 million), down 4% compared to the same period last year. The airline said this slight downturn was “mainly driven by pressured yield margins due to market conditions, as well as a number of...

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