UAE LCC Air Arabia posted a net profit of AED662 million ($180 million) for 2017, up 30% on its 2016 figure of AED509 million. It achieved the result on turnover fractionally down at AED3.7 billion. Passenger numbers were marginally up at just over 8.5 million, with load factor steady at 79%. The Sharjah-based airline—which also has hubs in Jordan, Egypt and Morocco—reported consistent and sustained growth in 2017, driven by its network expansion strategy and cost control ...

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