gulfnews : Budget airlines flying high

The global financial turmoil coupled with the rising cost of fuel has dented profits in the global aviation industry. But low-cost airlines in the region are capitalising on robust demand and have ambitious expansion plans. While the outlook may not be very bright now, the fundamentals of these budget airlines make them good investments
While airline stocks may not qualify as the most attractive in this part of the world or even globally, the Middle East's two listed carriers — Air Arabia and Jazeera Airways — have managed to keep investors above ground.

* username: rupertbu