Air Arabia has announced record financial results for full year ending December 31, 2021.
The low-cost carrier reported a net profit of AED 720 million, an increase of 475 per cent compared to an AED 192 million net loss registered for the full year 2020, which was heavily impacted by COVID-19 pandemic restrictions on air travel.
The airline’s turnover for the full year 2021 reached AED 3.17 billion, an increase of 71 per cent compared to the AED 1.85 billion registered for the full year 2020.
The financial and operational results achieved in 2021 were supported by “ease of travel restrictions and recovery in demand for air travel”, said Air Arabia, which served more than 6.7 million passengers from its five hubs in the UAE, Morocco and Egypt, an increase of 54 per cent compared to the 4.3 million passengers carried the previous year.
In 2021 the airline also received a brand-new Airbus A321 neo LR, growing its total fleet size to 58 aircraft and added 44 new routes across its five hubs.
Air Arabia Abu Dhabi added seven new routes, while Air Arabia Maroc added 16 and Air Arabia Egypt added 15.