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Air Arabia profits soar - Qatar Airways to jump on LCC bandwagon

12-May-2008

The Middle East’s pioneering low cost carrier (LCC), Air Arabia, has reported an 81% surge in first quarter net profit to USD21.2 million, producing a stunning net margin of 20.4%. Very few carriers worldwide can boast margins as high as the Sharjah-based carrier, particularly in the current environment. [513 words]

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