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Air Arabia added 21 new routes to its global network in 2017 Air Arabia added 21 new routes to its global network in 2017

Air Arabia Delivers Record Net Profits

Air Arabia announced its full-year financial results for 2017, revealing that its profit for the full year ending December 31, 2017 was AED 662 million (USD180.2 million), a 30 percent increase compared to 2016. Turnover for 2017 was in line with the preceding 12 months reaching AED 3.74 billion (USD1,01 billion).

Following its solid full year 2017 performance, the airline’s board of directors proposed a dividend distribution of 10 percent of share capital, which is equivalent to 10 fils per share.

Sheikh Abdullah Bin Mohammad Al Thani, chairman, 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.”