Jazeera Airways cancels premium on planned rights issue; Air Arabia PAX increases 16.8%

Air Arabia (-0.3%) shares dropped slightly on Wednesday (25-Aug-2010), on the same day the carrier announced that passenger traffic between Sharjah and other GCC destinations reached 551,041 in 1H2010, a 16.8% year-on-year increase, with an average load factor of 81.8%. The carrier operated 83 weekly services from its hub in Sharjah to nine destinations in the GCC in the period.

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