Gulf LCC Air Arabia substantially improved its half-year profits, despite continuing economic and geopolitical pressures in the region, the airline said. The Sharjah-based carrier said its first-half net profit was up 47% at AED338 million ($92 million), compared to AED230 last time. It achieved the result on revenue of AED2.17 billion, up 20%. Passenger numbers rose 12% to 5.82 million, while seat factor was 84%. The airline said its 1H performance exceeded market expectations, citing ...

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