Sharjah-based low-cost carrier (LCC) Air Arabia reported a first-half net profit of AED237 million ($64.5 million), down 4% compared to the same period last year. The airline said this slight downturn was “mainly driven by pressured yield margins due to market conditions, as well as a number of strategic investments made by the airline in first half 2015 which will begin to fully deliver value in the near future.” Revenue for the half year was marginally up, to AED1.8 billion ...

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