Today, Air Arabia revealed its operational and financial outcomes for the year ending on December 31, 2024. At Dhs1.6 billion, the airline reported a record pre-tax net profit, up 4% from Dhs1.5 billion in 2023. The year’s total turnover was Dhs 6.63 billion, an 11% increase over 2023’s Dhs 6 billion.
Air Arabia expanded its network across six hubs and added 31 new routes in 2024, further solidifying its dedication to growth and operational excellence. The group carried 18.8 million passengers due to this strategic development, which also increased operational capacity by 13% and total passengers by 12%. The airline also said that its average seat load factor increased by 2% to 82%, highlighting the continued high demand for Air Arabia’s affordable, value-driven services. The Board of Directors of Air Arabia has suggested paying out a dividend equal to 25% of the company’s share capital
According to Air Arabia Chairman Sheikh Abdullah bin Mohamed Al Thani, 2024 has been a record-breaking year for the Air Arabia Group, with notable growth and a greater presence in all important markets. We have continued to generate impressive financial and operational growth by building on our solid foundation, which has confirmed the efficacy of our strategic vision, the robustness of our business model, and the tenacity of our management team., or 25 fils per share. At the next Annual General Meeting (AGM), Air Arabia’s shareholders will have the opportunity to approve this proposal, which was presented at a recent board meeting.
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