Air Arabia posted a record pre-tax net profit of AED1.6 billion in 2024, marking a 4% increase from AED1.5 billion in 2023. Additionally, the airline saw its total turnover rise by 11%, reaching AED6.63 billion compared to AED6 billion in the previous year. This financial performance demonstrates the airline’s ability to thrive in an increasingly competitive aviation market. Furthermore, the company’s strong growth reflects its efficient management and strategic investments.
Increased Network and Operational Capacity
In 2024, Air Arabia focused on expanding its reach by growing its network across six hubs and adding 31 new routes. This network expansion led to a 13% increase in operational capacity. As a result, the airline carried 18.8 million passengers, a 12% rise from 2023. Moreover, the airline’s average seat load factor improved by 2%, reaching 82%, signaling continued strong demand for its services. These improvements highlight Air Arabia’s commitment to providing value-driven, low-cost travel options.
Future Outlook and Dividend Proposal
Looking ahead, Air Arabia’s Board of Directors has proposed a 25% dividend distribution, equating to 25 fils per share. This proposal, however, is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). Sheikh Abdullah bin Mohamed Al Thani, Chairman of Air Arabia, emphasized the airline’s exceptional performance in 2024. He pointed out that the company’s expansion, strong management, and strategic direction have played a crucial role in its continued success.
The airline’s performance positions it for further growth in 2025 and beyond. With plans to continue expanding its network and maintaining its cost-efficient model, Air Arabia remains well-positioned to maintain its leadership in the region’s aviation industry. As demand for low-cost travel continues to rise, Air Arabia’s ongoing investments in expansion and innovation suggest a promising future.
