Air Arabia reports rise in traffic on Sharjah-Beirut service; Comair to launch rights offer

Air Arabia (+2.0%) was the only Middle Eastern carrier to experience a rise in its share price on Thursday (29-Apr-2010) after the carrier stated it served more than 28,050 passengers on the Sharjah-Beirut sector, an increase of 7.2% year-on-year in 1Q2010. In 2009, more than 115,675 passengers were transported on the route, while the LCC reported 88% on-time-performance on the service. The carrier operates on the route ten times weekly.