Air Arabia returns to profit

Air Arabia reported a record net profit for the full year ending December 31, 2014 of AED 566 million, up 30% compared to AED 435 million for the same period last year. The airline’s turnover for the full year 2014 reached AED 3.7 billion, an increase of 17% on 2013, driven by increased passenger numbers. Air Arabia carried over 6.8 million passengers in 2014, 12% more than last year. The average seat load factor – or passengers carried as a percentage of available seats – for the same period stood at an impressive 81%. These results were announced following a