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Air Arabia record profits over AED 1 Billion for 2019
Low cost Middle East carrier Air Arabia (PJSC), reported a net profit of AED 1 billion ($273million) for the 2019, an increase of 80 per cent on 2018. The airline’s turnover for the full year 2019 reached AED 4.75 billion, an increase of 15 per cent compared to the turnover registered in the full year 2018. The strong financial results were backed by solid growth in passenger demand with Air Arabia serving more than 12 million passengers from its four hubs in the UAE, Morocco and Egypt, an increase of 10 per cent compared to the 11 million passengers carried
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