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The troubles of a local rival may bring respite to Air Arabia PJSC, the worst-performing stock among major emerging-market airlines this year.
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.
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