Latest news with #AbdullahBinMohammadAlThani
Time of India
3 days ago
- Business
- Time of India
Air Arabia reports AED 415 million net profit in Q2 2025 despite regional disruptions
Air Arabia expanded its fleet to 83 aircraft and launched 13 new routes in the first half of 2025/ Image: Air Arabia Air Arabia reported a solid AED 415 million net profit for the second quarter of 2025, showing resilience despite geopolitical turbulence and sector-wide challenges. With robust passenger growth, high seat load factors, and ongoing network expansion, the carrier strengthened its footprint as the region's leading low-cost airline. The results come as Air Arabia also secures a pivotal role in launching a new Saudi-based low-cost airline, signaling deeper regional integration and future growth. — airarabiagroup (@airarabiagroup) Q2 2025 performance: Stable profit, strong passenger growth Air Arabia (PJSC), the largest low-cost carrier in the Middle East and North Africa, reported a net profit of AED 415 million for the second quarter of 2025, ending June 30. While this marked a 3% decline from the AED 427 million posted in the same quarter of 2024, the airline still maintained a strong financial position amid regional unrest and operational disruptions. Turnover for the quarter reached AED 1.69 billion, a 2% increase year-on-year. The airline saw a 15% rise in passenger numbers, with over 5.1 million travelers flying across its network compared to 4.5 million in Q2 2024. The seat load factor, an indicator of seat occupancy, rose by 6 percentage points to reach 85%, reflecting high demand and effective capacity management. Chairman Sheikh Abdullah Bin Mohammad Al Thani attributed the performance to the resilience of Air Arabia's business model and its proactive approach to mitigating the impact of regional conflict and flight disruptions. He noted that, despite external challenges, the airline continued to invest in increasing operational capacity and network reach across its multiple hubs. H1 2025 overview: Profits up, network expands For the first half of 2025 (January–June), Air Arabia recorded a net profit of AED 770 million, an 11% increase from AED 693 million in H1 2024. Revenue also saw growth, climbing 8% year-on-year to AED 3.44 billion, up from AED 3.19 billion. Passenger traffic rose to over 10.1 million, reflecting 13% growth over the same period last year. The average seat load factor for H1 2025 stood at 84%. Key operational moves during this period included: Launching 13 new routes across its hubs in UAE, Morocco, and Egypt Adding 2 new aircraft to its fleet, bringing the total to 83 Airbus A320 and A321 aircraft (owned and leased) Continuing progress on its 120-aircraft order with Airbus, with deliveries expected to begin by the end of 2025 Chairman Al Thani acknowledged the airline's continued growth amid fuel price volatility, currency fluctuations, political instability, and supply chain constraints, crediting the performance to a clear strategy and capable leadership. He reaffirmed the airline's ongoing commitment to enhancing connectivity, operational efficiency, and innovation, with a focus on sustainable long-term growth. Sustainability and recognition Air Arabia maintained its standing in the MSCI ESG Ratings' 'Leader' category, earning an 'AA' score. It also obtained a Limited Assurance Statement for its 2024 ESG Report, aligned with the ISAE 3000 international assurance standard. These developments underscore the airline's focus on transparency, accountability, and ESG-driven performance. In June 2025, the airline was once again named among Forbes Middle East's 'Top 100 Listed Companies', securing a spot for the second consecutive year. Air Arabia-led consortium wins license for new Saudi low-cost airline Earlier last month, on July 20, 2025, a consortium led by Air Arabia, along with Saudi partners Kun Investment Holding and Nesma Group, won the bid to operate a new Saudi-licensed low-cost airline. The license, granted by the General Authority of Civil Aviation (GACA), authorizes the launch of a carrier based at King Fahd International Airport in Dammam. The airline will start with a fleet of 45 aircraft, connecting 24 domestic cities and 57 international destinations. It aims to serve approximately 10 million passengers annually by 2030 and generate over 2,400 new jobs. This win marks a strategic milestone for Air Arabia, shifting its role in Saudi Arabia from an international service provider to a domestic operator with a full-fledged hub. The project aligns with Saudi Arabia's Vision 2030 objectives to liberalize aviation, expand connectivity, ease pressure on major airports, and attract $100 billion in sector investment while enhancing affordable travel options. About Air Arabia Air Arabia, based in Sharjah, UAE, is the first and largest low-cost carrier in the Middle East, having launched in 2003. The airline operates a fleet of approximately 74 Airbus A320s and 9 A321 Neo LR aircraft, offering affordable, no-frills service to over 200 destinations across more than 30 countries, including cities in the Middle East, North Africa, Asia, and Europe. Its operations are supported by strategic hubs in Sharjah, Casablanca, Ras Al Khaimah, and Alexandria. As a growing airline group, Air Arabia also manages several affiliated carriers under its umbrella, including Air Arabia Abu Dhabi, Air Arabia Egypt, Air Arabia Jordan, Air Arabia Maroc, Air Arabia Sudan, Fly Arna, Fly Jinnah, and Fly Yeti.
News18
3 days ago
- Business
- News18
Air Arabia reports second quarter 2025 net profit of AED 415 million
Sharjah [UAE], August 14 (ANI/WAM): Air Arabia (PJSC), the Middle East and North Africa's first and largest low-cost carrier (LCC) operator, today announced strong financial and operational results for the second quarter and first half of 2025, as the airline continued to expand its network, further solidifying its leadership position in the Arabia reported a net profit of AED 415 million during the second quarter ending June 30, 2025, 3 per cent lower than the AED 427 million recorded in the same period in 2024. The airline achieved a turnover of AED 1.69 billion, marking a 2 per cent increase compared to the second quarter of last year. Between April and June 2024, over 5.1 million passengers travelled with Air Arabia Group across its operating hubs, reflecting a 15 per cent increase from the 4.5 million passengers carried in the same quarter of the previous year. The airline's average seat load factor – representing the percentage of available seats occupied – rose by 6 per cent, reaching an impressive 85 per cent during the second quarter of on the results, Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said, 'The strong performance recorded during the second quarter of this year reflects the resilience of our business model and the effective execution of our growth strategy. Despite escalating geopolitical tensions and regional conflict witnessed during this period, which disrupted operations and led to flight cancellations, we responded to these exceptional circumstances with agility and efficiency. We continued to invest in expanding operational capacity across all hubs, achieving a record seat load factor driven by strong and sustained demand for air travel."In the first half of 2025 (January to June), Air Arabia reported a net profit of AED 770 million, reflecting an 11 per cent increase from the AED 693 million recorded in the first half of 2024. In the same period, the airline achieved a turnover of AED 3.44 billion, marking an 8 per cent increase compared to the AED 3.19 billion registered in the first half of last year. During this period, over 10.1 million passengers travelled with Air Arabia across its hubs, representing 13 per cent growth. The airline's average seat load factor in the first half of 2025 rose to 84 per Thani continued: 'In the first half of the year, Air Arabia launched new routes, increased flight frequencies in key markets, and added aircraft to the fleet, enhancing our network, capacity, and customer offering. This growth came despite ongoing industry challenges such as political instability in some markets, fuel price volatility, currency fluctuations, and supply chain constraints. Our ability to expand in such conditions reflects the strength of our business model and the capability of our management team."He concluded: 'As we look ahead to the remainder of 2025, our focus remains on expanding connectivity, serving new markets, and further enhancing operational efficiency and innovation. We remain committed to delivering exceptional value to our customers while creating sustainable growth and long-term returns for our shareholders."During the first half of the year, Air Arabia added two aircraft to its modern fleet, bringing it to a total of 83 owned and leased Airbus A320 and A321 aircraft. An additional 120 new aircraft on order with Airbus are expected to begin delivery by the end of 2025. In the first half, the carrier has expanded its network by launching 13 new routes across its operating hubs in the UAE, Morocco, Egypt, and Pakistan. In June, Air Arabia has been ranked among Forbes Middle East's 'Top 100 Listed Companies 2025" for the second consecutive Arabia maintained its position in the 'Leader' category of the MSCI ESG Ratings with an 'AA" score, reflecting its ongoing efforts to advance environmental, social, and governance practices. The airline also obtained a Limited Assurance Statement on its 2024 ESG Report, conducted in accordance with the International Standard on Assurance Engagement (ISAE) 3000, reinforcing its continued efforts and commitment to transparency, accountability, and sustainable growth. (ANI/WAM)
Al Etihad
3 days ago
- Business
- Al Etihad
Air Arabia reports Dh770 million net profit in H1 2025
13 Aug 2025 20:55 ABU DHABI (AlETIHAD)Air Arabia declared its results on Wednesday, reporting a net profit of Dh770 million in the first half of 2025, an 11% increase from Dh693 million in the same period last year, supported by higher passenger numbers and improved seat load factors. Turnover for the six-month period reached Dh3.44 billion, up 8% from Dh3.19 billion in H1 2024. The airline carried more than 10.1 million passengers across its hubs, marking a 13% rise, while the average seat load factor improved to 84%.In the second quarter of 2025, Air Arabia posted a net profit of Dh415 million, 3% lower than the Dh427 million recorded in Q2 2024. Quarterly turnover stood at Dh1.69 billion, reflecting a 2% year-on-year increase. Passenger traffic during the quarter rose 15% to over 5.1 million, and the average seat load factor increased by six percentage points to 85%.During the first half of the year, Air Arabia added two aircraft to its modern fleet, bringing it to a total of 83 owned and leased Airbus A320 and A321 aircraft. An additional 120 new aircraft on order with Airbus are expected to begin delivery by the end of 2025. The carrier also expanded its network by launching 13 new routes across its operating hubs in the UAE, Morocco, Egypt, and Pakistan. In June, the airline was ranked among Forbes Middle East's 'Top 100 Listed Companies 2025' for the second consecutive Arabia, listed on the Dubai Financial Market, is the Middle East and North Africa's leading low-cost carrier, operating around 200 routes. It commenced its operations in October on the results, Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said the strong second-quarter performance demonstrated the resilience of the airline's business model and its ability to execute growth plans effectively. 'Despite escalating geopolitical tensions and regional conflict witnessed during this period, which disrupted operations and led to flight cancellations, we responded to these exceptional circumstances with agility and efficiency. We continued to invest in expanding operational capacity across all hubs, achieving a record seat load factor driven by strong and sustained demand for air travel,' he said. Looking ahead, he added: 'Our focus remains on expanding connectivity, serving new markets, and further enhancing operational efficiency and innovation. We remain committed to delivering exceptional value to our customers while creating sustainable growth and long-term returns for our shareholders'
