Air Arabia reports record Dhs1.6bn pre-tax profit in 2024

The airline has announced its financial and operational results for the full year ending December 31, 2024.

The airline reported a record pre-tax net profit of Dhs1.6bn, reflecting a 4 per cent increase compared to Dhs1.5bn in 2023.

Total turnover for the year surpassed Dhs6.63bn, marking an 11 per cent growth from Dhs6bn in 2023. The airline’s robust financial performance underscores its continued success and resilience in the highly competitive aviation sector.

Air Arabia focused on expansion

In 2024, the airline focused on expansion and operational excellence, growing its network across six hubs and adding 31 new routes.

This expansion led to a 13 per cent increase in operational capacity and a 12 per cent rise in total passengers carried, reaching 18.8 million across the group.

The airline also reported a 2 per cent increase in average seat load factor, which reached 82 per cent, highlighting the sustained strong demand for its low-cost services.

Additionally, Air Arabia‘s Board of Directors has proposed a dividend distribution of 25 per cent of share capital, equivalent to 25 fils per share. The proposal, made during a recent board meeting, is subject to approval by Air Arabia’s shareholders at the upcoming Annual General Meeting (AGM).

Sheikh Abdullah bin Mohamed Al Thani, chairman of Air Arabia, commented on the airline’s performance, said 2024 was been a record-breaking year for Air Arabia Group, marked by significant expansion and an increased footprint across all key markets.

“Building on our strong foundation, we have continued to achieve remarkable financial and operational growth, reaffirming the strength of our business model, the resilience of our management team, and the effectiveness of our strategic vision,” he added.