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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.Air Arabia operates at near-full capacity into Saudi Arabia and the company could add more planes for those routes, helping offset the lost capacity from flying into Qatari market, he said.Air Arabia serves 13 cities in Saudi Arabia, including key destinations Jeddah and Dammam, that are among the top 10 busiest routes for its Qatari peer, according to consultancy firm Frost & Sullivan.In Dubai, where Air Arabia is listed, the main equity benchmark is up 1.9 percent this year through Monday's close.The airline is forecast to report a 25 percent slide in second-quarter profit from the year-earlier period when it releases results next month, according to analysts surveyed by Bloomberg.
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