Air Arabia reported a 2006 full-year profit of AED101 million ($27.5 million), more than three times the AED31.3 million earned in 2005. Revenue soared 82% to AED749.2 million and passenger numbers grew 54% to 1.8 million. Load factor was 81.2%. The airline has submitted its application to United Arab Emirates authorities to launch an IPO this quarter. Separately, Air Arabia launched thrice-weekly Sharjah-Karachi service and twice-weekly Sharjah-Peshawar flights. Each service adds one ...

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