At the company’s annual general meeting (AGM), Air Arabia shareholders approved the distribution of a 25% cash dividend for the fiscal year that ends on December 31, 2024. The award-winning low-cost carrier has demonstrated good financial success for another year with the dividend, which is equal to 25 fils per share. Air Arabia’s strong financial performance in the year ending December 31, 2024, when it posted a record net profit before tax of Dh1.6 billion, a 4% increase over 2023, led to the board’s recommendation.
“The Air Arabia Group maintained exponential growth in 2024, driven by increased operating capacity, new route launches, and continued network expansion,” stated Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, in spite of geopolitical concerns and economic difficulties. This outstanding year demonstrates our dedication to providing a travel experience that is value-driven, expanding our global presence, and upholding operational quality. Our operational and financial results confirm the effectiveness of our business plan, strategic vision, and team’s commitment.
From its six operational centers in the United Arab Emirates, Morocco, Egypt, and Pakistan, Air Arabia expanded its global network by 31 new routes in 2024. By the conclusion of the year, the airline had 81 Airbus A320 and A321 aircraft operating on more than 220 routes throughout the Middle East, Africa, Asia, and Europe, in addition to receiving 10 new aircraft.
Also Read:
Smart Accounting And Bookkeeping Services By The Accountant: Muhammad Akram
The UAE Plans to Boost yearly Foreign Investment Inflows to Dh240 Billion
About Author
