Air Arabia, on February 13th, announced its financial results for the year ending December 31, 2024, highlighting a record-breaking performance. The airline posted a pre-tax net profit of AED 1.6 billion, marking a 4% increase from AED 1.5 billion in 2023. Total revenue surged to AED 6.63 billion, reflecting an 11% growth from AED 6 billion last year.
The airline continued its expansion efforts in 2024, adding 31 new routes and strengthening its network across six hubs. This led to a 13% increase in operational capacity and a 12% rise in passenger numbers, with 18.8 million passengers carried. Additionally, Air Arabia’s average seat load factor improved by 2%, reaching 82%, indicating sustained strong demand for its budget-friendly services.
In light of these results, the Board of Directors has proposed a dividend distribution of 25% of share capital, or 25 fils per share. This proposal is subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Sheikh Abdullah bin Mohamed Al Thani, Chairman of Air Arabia, expressed pride in the airline’s achievements, stating, “2024 has been a record-breaking year for Air Arabia, with remarkable growth in both financial and operational performance. This underscores the strength of our business model, the resilience of our management, and the effectiveness of our strategic vision.”-WAM
