Press releases, Reports & Disclosures for Air Arabia PJSC

The Air Arabia Board of Directors held a meeting on Monday, August 12, 2024, at 3:00 PM. During this meeting, the board approved the financial statements for the second quarter of 2024. This information was disclosed earlier. Regards, Abdelrahman Bin Taliah Director of Corporate & Government Affairs

Air Arabia reported a net profit of AED 427 million for the second quarter of 2024, which is a 7% decrease from AED 459 million in the same period in 2023. The airline achieved a turnover of AED 1.65 billion, a 19% increase compared to the second quarter of the previous year. Over 4.5 million passengers traveled with Air Arabia between April and June 2024, a 19% increase from the 3.8 million passengers in the same quarter of the previous year. The average seat load factor rose by 3% to 79%. The airline added 16 new routes in the first half of 2024, with turnover surpassing AED 3.19 billion. Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, attributed the solid net profit to robust passenger demand and revenue growth.

Air Arabia has announced that a board of directors meeting will be held on Monday, August 12, 2024, at 3:00 PM. The meeting will focus on discussing the financial results for the second quarter of 2024.

Air Arabia has announced its Q1 2024 financial results, reporting a net profit of AED 266 million, which is 22% lower than the AED 342 million recorded in the same quarter of 2023. The airline's turnover increased by 8% to AED 1.54 billion, compared to the first quarter of the previous year. The number of passengers carried increased by 13% to 4.4 million, from 3.9 million in the first quarter of 2023. The seat load factor remained at 85%. Despite economic and geopolitical uncertainties, as well as fuel price volatility, the company remains committed to delivering value to its customers.

On 13th May 2024, the Board of Directors of Air Arabia held a meeting at 3:00 pm. The meeting was previously announced and during the meeting, the board approved the financial statements for Q1 2024. The information was shared by Abdelrahman Bin Taliah, the Director of Corporate & Government Affairs.

Air Arabia, the largest low-cost carrier in the Middle East and North Africa, has reported a net profit of AED 266 million for the first quarter of 2024, which is 22% lower than the AED 342 million earned in the same period in 2023. However, the airline's turnover increased by 8% to AED 1.54 billion, and the number of passengers carried rose by 13% to 4.4 million. Despite economic and geopolitical uncertainties, the company maintains a strong financial performance due to its commitment to operational excellence and value-driven products.

The CEO of Air Arabia, Abdelrahman Bin Taliah, has announced that a Board of Directors meeting is scheduled for 13th May 2024 at 3:00 pm. The primary agenda for the meeting will be to discuss the financial results of Q1 2024. The information was shared with Dr. Maryam Al Suwaidi, CEO of the Emirates Securities and Commodities Authority (ESCA), and Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM).

On March 15, 2024, Air Arabia held its Annual General Meeting (AGM) as previously announced. The AGM approved the following: the Board of Directors' report on the company's activities; the External Auditors' report; the Balance Sheet and the Profit and Loss Accounts; a 20% Cash Dividend Distribution, equating to 20 Fils per share; board remuneration; absolution of the board members and the External Auditor of responsibility for the year 2023; and the appointment of the external auditor for 2024 along with their fee. The meeting was communicated to Dr. Maryam Al Suwaidi, CEO of ESCA, and Mr. Hamed Ahmed Ali, CEO of DFM, by Abdelrahman Bin Taliah, Director of Corporate & Government Affairs.