Air Arabia continues its run of profitable quarters to Mar-2013 as flydubai gains momentum
Sharjah based Air Arabia, the Middle East's most successful and until recently overtaken by flydubai, the region's largest LCC, reported a net profit of AED59 million (USD16 million) for the three months to the end of Mar-2013.
The result continues a remarkable run of profitable results for the carrier, stretching all the way back to its first year of operations, even through the Arab Spring period - resulting in a near-doubling of its share price over the past year.
Expansion plans continue, with a new order in the offing, to be selected from the A320neo, 737 MAX and the Bombardier CSeries, according to CEO, Adel Ali.
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