Air Arabia Q2r net profit rises by 128%

Sharjah/Kolkata, Aug 11 (IBNS): Air Arabia (PJSC), the low-cost carrier (LCC) operator in the Middle East and North Africa, on Monday announced its financial results for the second quarter ending June 30, 2014, it recorded a net profit of AED Rs. 173 million, an increase of 128 percent compared to AED 76 million reported in the corresponding period of 2013.