ABU DHABI: UAE budget carrier Air Arabia reported a 6 percent rise in fourth quarter net profit yesterday, helped by a rise in passenger numbers but still short of forecasts. Air Arabia earned a net profit of Dh83m ($22.6m), up from Dh77.5m in the same period last year, the airline said.
Revenues for the quarter rose 18 percent year-on-year to Dh755m. In 2012, Air Arabia carried more than 5.3 million passengers, compared with 4.7 million in 2011. reuters
