Air Arabia

Air Arabia (PJSC), the Middle East and North Africa’s first and largest low-cost carrier, announced today its financial results for the full year ending 31 December 2019, reflecting a record year of profitability and continued growth. Air Arabia reported a track record net profit of AED 1 billion for the full year ending December 31, 2019, an increase of 80 per cent compared to the net profit registered in 2018 (Excluding the impairment accounting treatment that Air Arabia took in 2018). The airline’s turnover for the full year 2019 reached ...