Airline

Profits up 55% at Air Arabia

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Profits up 55% at Air Arabia

Air Arabia has posted a 2012 net profit of AED425m ($116m) – some 55% higher than the AED274m reported in 2011. Profits jumped 6% during the fourth quarter to AED83m, with sales of AED755m. Air Arabia carried over 5.3 million passengers in 2012, up 13%. The carrier's seat load factor stood at 82%....

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