Air Arabia ranks first on Airfinance Journal's ‘top 100’ list

Air Arabia, the Middle East & North Africa’s first and one of the largest low-cost carriers, has for the fourth consecutive year secured the first place in Airfinance Journal's prestigious annual ranking of the world's top 100 airlines.

Headquartered in Sharjah, the airline's ranking follows Airfinance Journal’s extensive assessment of the performance of 100 global airlines during the last 12 months figures, no older than 31 December 2022, ensuring data accuracy. Airfinance Journal, known as 'The Airline Analyst’, is recognised as the most extensive and in-depth source of financial and operational data for airlines available in the aviation market.

The assessment took into account a comprehensive set of operational and financial criteria, encompassing various key performance metrics such as revenue, fixed charges, liquidity, market capitalization, and leverage in addition to the fleet size.

Adel Al Ali, Group Chief Executive Officer of Air Arabia, said: "This recognition is a testament to our relentless pursuit of operational and financial excellence. It reflects the dedication and hard work of our entire team at Air Arabia. We will continue to push the boundaries when it comes to operational and financial excellence, ensuring our passengers receive the best service while maintaining our position as a leader in the industry." TradeArabia News Service