Air Arabia stock falls
Air Arabia’s stock is expected to slide as its profits fall by as much 12 per cent, according to Bloomberg.
Air Arabia’s stock is expected to slide as its profits fall by as much 12 per cent, according to Bloomberg. Investors are awaiting the release of full-year results however, the airline’s earnings are predicted to have been hit by higher fuel prices and political unrest in the Arab world. The carrier took a 26 per cent decrease to its 3Q earnings. Bloomberg adds that shares in the airline fell 28 per cent in 2011. Air Arabia is expected to announce its results in early February.
