Air Arabia's net profit for the full year ending December 31, 2017 was Dh662 million ($180 million), a 30 per cent increase compared to 2016. 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 per cent.
Air Arabia added 21 new routes to its global network in 2017 from its five operating hubs in the UAE, Morocco, Egypt and Jordan. The carrier took delivery of 4 new aircraft and ended the year with a fleet of 50 Airbus A320 aircraft operating to 140 routes across the Middle East, Africa, Asia and Europe.
Sheikh Abdullah Bin Mohammad Al Thani, chairman of Air Arabia said, “Air Arabia has enjoyed consistent and sustained growth in 2017 driven by its network expansion strategy and cost control measures helping us to once again deliver a strong set of results. While political and economic challenges continued to impact the performance of the aviation sector in 2017, we have focused more keenly than ever on ensuring the highest level of operational efficiency and appealing product offering”.
In the fourth quarter of 2017, Air Arabia reported a net profit of AED 26 million ($7 million), an increase of 177 per cent compared to the last quarter of 2016. Turnover for the three months ending December 31, 2017 was AED 858 million ($234 million), an increase of 5.4 per cent compared to the same period in 2016. Air Arabia flew over 2 million passengers in the final quarter of 2017 at an impressive seat factor of 78 per cent.
Air Arabia continues to be recognised, locally and internationally, for its strong performance and community efforts. In 2017, Air Arabia won "Outstanding Performance – Robust Performance and Community Initiatives” by the Aviation Achievement Awards 2017 at the Aviation Annual Gala Evening 2017. The carrier’s corporate social responsibility program “Charity Cloud”, which aims at providing sustainable education and healthcare initiatives in underprivileged communities across the world, embarked on 10 new projects spread across Kenya, Sri Lanka, Bangladesh, Sudan, Egypt and Jordan.
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