The time remaining indicator is based on minute-to-minute power demands of your MBA, which change constantly. It is not a reliable indicator of battery life. There are dozens of processes running, in addition to screen brightness, Wi-Fi, Bluetooth and other settings, all of which can affect battery life far more than the amount of RAM you have installed.
Yes, and because my daily use pattern is exactly the same, and because I have had several MacBooks, I can tell from experience that more ram = bad battery life.