Latest news with #AirArabiaGroup
Arabian Business
14-05-2025
- Business
- Arabian Business
Air Arabia net profit soars 34% as number of passengers increases by 11%
Sharjah-based Air Arabia, the region's first low-cost carrier, reported a net profit of AED355 million (US$96.66 million) for the first three months of 2025, an increase of 34 per cent compared to AED266 million (US$742.43 million) in the corresponding quarter in 2024. Total revenue for the period was AED1.75 billion (US$480 million), a 14 per cent YoY increase. Air Arabia soars higher The airline flew more than 4.9 million passengers between January and March 2025, an increase of 11 per cent compared to Q1 of last year. Average seat load factor – or passengers carried as a percentage of available seats – stood at an impressive 84 per cent, matching last year's number despite the addition of new routes as well as increase in number of planes in its fleet. Two Airbus A320 aircraft were added to the fleet in January this year, Air Arabia's total operating fleet expanded to 83 Airbus A320 and A321 aircraft. The airline added seven new routes to its global network during the quarter, bringing the total network size to 217 routes from its six operating hubs. The seat capacity available across all hubs increased by 11 per cent. Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, commented: 'The strong start to 2025 reflects Air Arabia's continued resilience and strategic agility in navigating a constantly evolving regional and global landscape. Our financial and operational performance in the first quarter underscores the success of our low-cost business model, the effectiveness of our disciplined cost management, and our unwavering commitment to operational efficiency and delivering exceptional value to our customers.' 'Despite ongoing regional and global challenges, including geopolitical and economic uncertainties, Air Arabia continues to deliver strong performance while expanding its network and maintaining high levels of service reliability.' On Air Arabia's outlook for the rest of the year, Al Thani added: 'We remain committed to our strategic growth plans for 2025, focused on expanding connectivity, exploring new market opportunities, and delivering a seamless, value-driven travel experience to our customers. 'Our confidence in the low-cost business model remains strong, as we continue to drive value for both our shareholders and customers in the quarters ahead.'
Al Bawaba
14-05-2025
- Business
- Al Bawaba
Air Arabia reports strong first quarter 2025 net profit of AED 355 million, up 34%
Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, today reported a strong first quarter of 2025 financial and operational results, as the airline continued to expand its network and further strengthening its leadership position in the market. Air Arabia reported a net profit of AED 355 million for the first three months ending March 31, 2025; an increase of 34 percent compared to AED 266 million registered in the corresponding quarter in 2024. In the same period, the airline posted a turnover of AED 1.75 billion, a 14 percent increase compared to the first quarter of last year. More than 4.9 million passengers flew with Air Arabia Group between January and March 2025 across the carrier's operating hubs, an increase of 11 percent compared to the total number of passengers carried in the first quarter of last year, while the airline's average seat load factor – or passengers carried as a percentage of available seats – during the first three months of 2025 stood at an impressive 84% per cent. Commenting on the results, Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said: 'The strong start to 2025 reflects Air Arabia's continued resilience and strategic agility in navigating a constantly evolving regional and global landscape. Our robust financial and operational performance in the first quarter underscores the success of our low-cost business model, the effectiveness of our disciplined cost management, and our unwavering commitment to operational efficiency and delivering exceptional value to our customers'.The first quarter net profit was supported by strong passenger demand and steady revenue growth, despite the impact of seasonality shift due to the month of Ramadan, fuel price volatility, currency fluctuations in key markets, and ongoing supply chain challenges that contributed to higher inflationary costs across the industry. Al Thani added: " Despite ongoing regional and global challenges including geopolitical and economic uncertainties, Air Arabia continues to deliver strong performance while expanding its network and maintaining high levels of service reliability. These results reflect the Group's solid fundamentals, its ability to deliver true value, and its continued progress toward growth while actively shaping the evolving aviation landscape.' First Quarter Highlights: Fleet • Air Arabia's total operating fleet expanded to 83 Airbus A320 and A321 aircraft across all hubs. • Two Airbus A320 aircraft were added to the fleet in January 2025 to strengthen the fleet capacity. Network • Air Arabia added a total of 7 new routes to its global network in the first quarter of the year 2025 bringing the total network size to 217 routes from all six operating hubs. • The seat capacity available across all hubs increased by 11% during the first quarter of 2025 compared to the same period last year. Liquidity • AED 5.3 billion in cash and cash equivalent. ESG • Published the comprehensive 2024 ESG Report in March. • Introduced RNP (Required Navigation Performance) visual procedures at Sharjah, Abu Dhabi, and Ras Al Khaimah airports, approved by the UAE GCAA, to enhance landing efficiency and reduce fuel burn and emissions. • Ranked in the 'Leader' category by MSCI ESG Ratings with an 'AA' score, placing Air Arabia among the top global airlines as of April 2025. CSR • Air Arabia Corporate Social Responsibility Program 'Charity Cloud' commenced operations of two Clinics in Bangladesh and Egypt, expanding access to essential healthcare services for those in need. Outlook Al Thani concluded: "We remain committed to our strategic growth plans for 2025, focused on expanding connectivity, exploring new market opportunities, and delivering a seamless, value-driven travel experience to our customers. Our confidence in the low-cost business model remains strong, as we continue to drive value for both our shareholders and customers in the quarters ahead'. © 2000 - 2025 Al Bawaba (
Zawya
14-05-2025
- Business
- Zawya
Air Arabia reports strong first quarter 2025 net profit of AED 355mln, up 34%
Sharjah, UAE: Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, today reported a strong first quarter of 2025 financial and operational results, as the airline continued to expand its network and further strengthening its leadership position in the market. Air Arabia reported a net profit of AED 355 million for the first three months ending March 31, 2025; an increase of 34 percent compared to AED 266 million registered in the corresponding quarter in 2024. In the same period, the airline posted a turnover of AED 1.75 billion, a 14 percent increase compared to the first quarter of last year. More than 4.9 million passengers flew with Air Arabia Group between January and March 2025 across the carrier's operating hubs, an increase of 11 percent compared to the total number of passengers carried in the first quarter of last year, while the airline's average seat load factor – or passengers carried as a percentage of available seats during the first three months of 2025 stood at an impressive 84% per cent. Commenting on the results, Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said: 'The strong start to 2025 reflects Air Arabia's continued resilience and strategic agility in navigating a constantly evolving regional and global landscape. Our robust financial and operational performance in the first quarter underscores the success of our low-cost business model, the effectiveness of our disciplined cost management, and our unwavering commitment to operational efficiency and delivering exceptional value to our customers'. The first quarter net profit was supported by strong passenger demand and steady revenue growth, despite the impact of seasonality shift due to the month of Ramadan, fuel price volatility, currency fluctuations in key markets, and ongoing supply chain challenges that contributed to higher inflationary costs across the industry. Al Thani added: " Despite ongoing regional and global challenges including geopolitical and economic uncertainties, Air Arabia continues to deliver strong performance while expanding its network and maintaining high levels of service reliability. These results reflect the Group's solid fundamentals, its ability to deliver true value, and its continued progress toward growth while actively shaping the evolving aviation landscape.' First Quarter Highlights: Fleet • Air Arabia's total operating fleet expanded to 83 Airbus A320 and A321 aircraft across all hubs. • Two Airbus A320 aircraft were added to the fleet in January 2025 to strengthen the fleet capacity. Network • Air Arabia added a total of 7 new routes to its global network in the first quarter of the year 2025 bringing the total network size to 217 routes from all six operating hubs. • The seat capacity available across all hubs increased by 11% during the first quarter of 2025 compared to the same period last year. Liquidity • AED 5.3 billion in cash and cash equivalent. ESG • Published the comprehensive 2024 ESG Report in March. • Introduced RNP (Required Navigation Performance) visual procedures at Sharjah, Abu Dhabi, and Ras Al Khaimah airports, approved by the UAE GCAA, to enhance landing efficiency and reduce fuel burn and emissions. • Ranked in the 'Leader' category by MSCI ESG Ratings with an 'AA' score, placing Air Arabia among the top global airlines as of April 2025. CSR • Air Arabia Corporate Social Responsibility Program 'Charity Cloud' commenced operations of two Clinics in Bangladesh and Egypt, expanding access to essential healthcare services for those in need. Outlook Al Thani concluded: "We remain committed to our strategic growth plans for 2025, focused on expanding connectivity, exploring new market opportunities, and delivering a seamless, value-driven travel experience to our customers. Our confidence in the low-cost business model remains strong, as we continue to drive value for both our shareholders and customers in the quarters ahead'.
Zawya
14-05-2025
- Business
- Zawya
Air Arabia reports strong Q1 net profit
SHARJAH: Air Arabia (PJSC), the first and largest low-cost carrier (LCC) operator in the Middle East and North Africa, today reported a strong first quarter of 2025 financial and operational results, as the airline continued to expand its network and further strengthening its leadership position in the market. Air Arabia reported a net profit of AED 355 million for the first three months ending March 31, 2025; an increase of 34% compared to AED 266 million registered in the corresponding quarter in 2024. In the same period, the airline posted a turnover of AED 1.75 billion, a 14% increase compared to the first quarter of last year. More than 4.9 million passengers flew with Air Arabia Group between January and March 2025 across the carrier's operating hubs, an increase of 11% compared to the total number of passengers carried in the first quarter of last year, while the airline's average seat load factor – or passengers carried as a percentage of available seats – during the first three months of 2025 stood at an impressive 84%. Commenting on the results, Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said: 'The strong start to 2025 reflects Air Arabia's continued resilience and strategic agility in navigating a constantly evolving regional and global landscape. Our robust financial and operational performance in the first quarter underscores the success of our low-cost business model, the effectiveness of our disciplined cost management, and our unwavering commitment to operational efficiency and delivering exceptional value to our customers.' Al Thani concluded: "We remain committed to our strategic growth plans for 2025, focused on expanding connectivity, exploring new market opportunities, and delivering a seamless, value-driven travel experience to our customers. Our confidence in the low-cost business model remains strong, as we continue to drive value for both our shareholders and customers in the quarters ahead'. The first quarter net profit was supported by strong passenger demand and steady revenue growth, despite the impact of seasonality shift due to the month of Ramadan, fuel price volatility, currency fluctuations in key markets, and ongoing supply chain challenges that contributed to higher inflationary costs across the industry. Al Thani added: " Despite ongoing regional and global challenges including geopolitical and economic uncertainties, Air Arabia continues to deliver strong performance while expanding its network and maintaining high levels of service reliability. These results reflect the Group's solid fundamentals, its ability to deliver true value, and its continued progress toward growth while actively shaping the evolving aviation landscape.' Air Arabia's total operating fleet expanded to 83 Airbus A320 and A321 aircraft across all hubs. Two Airbus A320 aircraft were added to the fleet in January 2025 to strengthen the fleet capacity. Air Arabia added a total of 7 new routes to its global network in the first quarter of the year 2025 bringing the total network size to 217 routes from all six operating hubs. The seat capacity available across all hubs increased by 11% during the first quarter of 2025 compared to the same period last year. TF
Gulf Business
14-05-2025
- Business
- Gulf Business
Air Arabia posts 34% rise in Q1 profit as passenger nos, revenue rise
Image: Air Arabia Air Arabia, the Middle East and North Africa's largest low-cost carrier, reported a 34 per cent year-on-year jump in first-quarter net profit, buoyed by rising passenger demand and steady revenue growth. The airline posted a net profit of Dhs355m ($96.6m) for the three months ending March 31, 2025, up from Dhs266m in Q1 2024. Revenue rose 14 per cent to Dhs1.75bn during the period, Air Arabia said in a statement on Tuesday. More than 4.9 million passengers flew with the Air Arabia Group across its six operating hubs between January and March 2025, marking an 11 per cent increase compared to the same period last year. The average seat load factor stood at 84 per cent. — Air Arabia (@airarabiagroup) Air Arabia chairman says Air Arabia has had a strong start to the year 'The strong start to 2025 reflects Air Arabia's continued resilience and strategic agility,' said Sheikh Abdullah Bin Mohammad Al Thani, chairman of Air Arabia. 'Our robust financial and operational performance underscores the success of our low-cost business model and disciplined cost management.' The carrier attributed the profit growth to strong demand despite external pressures including Ramadan seasonality, volatile fuel prices, currency fluctuations, and global supply chain constraints. Air Arabia's total operating fleet grew to 83 Airbus A320 and A321 aircraft, with two new Airbus A320s added in January 2025. The airline also expanded its network by adding seven new routes, bringing the total to 217 across all hubs. Available seat capacity increased by 11 per cent in Q1 2025 compared to the prior-year quarter. 'We remain committed to our strategic growth plans for 2025,' Al Thani added, noting the airline's focus on expanding connectivity, tapping new markets, and delivering value-driven travel. Read:
