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Sharjah / Emirates Business
Air Arabia (PJSC) on Sunday announced full-year financial results for 2017 as the Middle East and North Africa’s first and largest low-cost carrier once again delivered high levels of profitability and growth across the breadth of its operations.
Air Arabia’s net profit for the full year ended on December 31, 2017 was AED662 million, a 30 percent increase compared to AED509 million registered in 2016. Turnover for the full year 2017 was in line with the preceding 12 months reaching AED3.74 billion. More than 8.5 million passengers flew with Air Arabia in 2017 and the average seat load factor – or passengers carried as a percentage of available seats – in 2017 stood at an impressive 79 percent.