Complex Made Simple

Air Arabia net profit nearly triples

Air Arabia has reported that its net profit nearly tripled to Dhs376m ($302m) in 2007, reported Gulf News. The airline flew 2.7 million passengers in 2007, up 53.2% compared with the previous year, while its load factor, or the proportion of seats filled, was 86% last year compared with 80% a year before. Revenues surged by 71.3% to Dhs1.28bn.