AIR ARABIA Low-cost carrier (LCC) Air Arabia has continued to expand, but saw a sharp slow-down in profitability last year. It posted a net profit of AED435 million ($118.4 million) for 2013, up just 2% compared to 2012.  Passenger numbers rose by a respectable 15%, from 5.3 million in 2012 to 6.1 million last year. Load factor was 80%, down from 82% in 2012. The Sharjah-based carrier, which has two joint venture operations in Egypt and Morocco, effectively became the ...

Subscribe to Access this Entire Article

"2014 World Airline Report - Africa/Middle East" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.