No worries, it’s just a slight quarter jerk!
Air Arabia swung to a surprise fourth-quarter net loss. The Sharjah-based firm made a net loss of AED38.6m in the three months to Dec. 31. This compares with a profit of AED55.9m in the corresponding period of 2015. The turnover for the three months ending December 31, 2016 was AED814m, a drop of 15% compared to AED956m in the same period in 2015. However, the company flew 2.1 million passengers in the fourth quarter, up by 6% from a year earlier.
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