Air Arabia and Jazeera profitable in Sep-2010 quarter
Air Arabia, MENA’s first and largest LCC, has continued to report net profits throughout the global financial crisis with a record profit in 3Q2010 and has emerged from the crisis as one of the best positioned carriers worldwide. Jazeera Airways was also profitable in the third quarter after reporting its third consecutive loss in 2Q2010, coming off a loss in 2009 in a year the carrier labelled as an “operational success and commercial loss”.
