Armenian national airline Fly Arna’s shareholder Air Arabia reported a net profit of Dhs1.2bn for the full year ending December 31, 2022, which is 70 per cent more as compared with 2021.

The airline’s turnover for 2022 reached Dhs5.2bn, 65 per cent higher compared to Dhs3.2bn registered in 2021.

Air Arabia served more than 12.8 million passengers in 2022 from its seven hubs across the UAE, Morocco, Egypt, Armenia, and Pakistan.

Passenger figures increased 90 per cent.

“Air Arabia’s 2022 record profitability is considered the best in the company’s operating history. Although the year 2022 continued be challenging, the aviation industry has begun returning to normality as airlines and airports worldwide witnessed faster recovery following the drop in demand cause by the pandemic,” said Sheikh Abdullah Bin Mohammad Al Thani, chairman of Air Arabia.

“Air Arabia Group maintained its robust growth in 2022 by increasing its fleet size and adding new routes across its global network while launching the operations of its latest joint venture airlines in Armenia and Pakistan,” he added.