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Monday, 24 July 2017

Qatar Crisis to Bring Cheer to World's Worst Emerging Market Airline of 2017 - Bloomberg

Qatar Crisis to Bring Cheer to World's Worst Emerging Market Airline of 2017 - Bloomberg:

"The troubles of a local rival may bring respite to Air Arabia PJSC, the worst-performing stock among major emerging-market airlines this year. While the United Arab Emirates’ only listed carrier has tumbled 20 percent in 2017, things look more favorable in the second half of the year, analysts say. The company could attract more travelers on routes that overlap with Qatar Airways, which has been banned from flying into or over countries including Saudi Arabia and the U.A.E after they severed commercial ties with their neighbor last month. The “Qatar Airways situation will help increase passenger traffic and load factors,” said Amine Wafy, an equities analyst at Renaissance Capital in Dubai. Air Arabia operates at near-full capacity into Saudi Arabia and the company could add more planes than anticipated for those routes, helping offset the lost capacity from flying into Qatari market, he said."



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