Bahrain Business: Air Arabia net profit surges 475pc – Gulf Digital News
Bahrain Business: Air Arabia net profit surges 475pc – Gulf Digital News
MANAMA: Air Arabia yesterday announced record financial results for the fourth quarter and for the full year ending December 31, 2021, despite the prevailing impact of Covid-19 pandemic that continued throughout the year.
The Mena region’s largest low-cost carrier reported net profit of AED720 million ($196m) for the full year ending December 31, 2021, an increase of 475 per cent compared to AED192m ($52m) net loss registered for the full year 2020, which was heavily impacted by pandemic restrictions on air travel .
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