Sharjah's Air Arabia 2017 profits soar - The National:
"Air Arabia, based in Sharjah, announced surging full-year financial results for 2017 as the Mena region's first and largest low-cost carrier posted a 30 per cent rise in earnings along with growth across its operations. “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," said Sheikh Abdullah bin Mohammad Al Thani, Chairman of Air Arabia. Net profit for the full year ending December 31 was Dh662 million, up from Dh509m for 2016. Turnover for the full year 2017 was in line with the preceding 12 months reaching Dh3.74 billion. 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 79 per cent."
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