Air Arabia records highest ever profit in 2022

Air Arabia Group reported its highest-ever profit, ending 2022 with a net profit of AED 1.222 billion outperforming the 2019 profit figure of AED 1.008 bn. The airline reported a rise of AED 720 million year-on-year (y-o-y). The airline reported a total revenue of AED 5.242 bn up from AED 3.174 billion in 2021 as it carried 12.8 million passengers versus 6.8 million in the previous year at an 80% load factor. The airline expanded its route to 24 new destinations reaching a total of 190. The airline reported operating expenses of AED 3.810 billion from AED 2.291 billion, resulting in an