Air Arabia reports profits decline, but outlook improving

The Middle East’s largest and most profitable LCC has reported another net profit in 3Q2009, but its run of improving results is finally coming to an end. [938 words]

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This report contains the following subheadings:

• Branching out in 2010
• No frequent flyer plan
• Outlook: Yields to improve in 2010, but market remains challenging

This report contains the following charts and tables:

• Air Arabia net profit: Nine months to 30-Sep
• AirArabia average passenger load factors