Air Arabia Shareholders Approve 25% Dividend Distribution

Air Arabia Reports Strong Financial Performance in 2024

Air Arabia shareholders approved a 25% cash dividend for 2024 at the Annual General Meeting. This dividend, equivalent to 25 fils per share, reflects the airline’s impressive financial results. In addition, the company reported a record net profit before tax of AED 1.6 billion, marking a 4% increase from 2023.

AGM Approves Financial Reports and Auditor Appointment

During the AGM, shareholders approved the company’s balance sheet, profit and loss accounts, and audit reports. Furthermore, they discharged the Board of Directors and auditors from liability for the financial year 2024. As a result, new auditors were appointed for the upcoming fiscal year, with their remuneration set.

Chairman Highlights Air Arabia’s Growth and Expansion

Sheikh Abdullah Bin Mohammed Al Thani emphasized the airline’s significant growth despite economic challenges and geopolitical tensions. He also highlighted Air Arabia’s strong financial performance, strategic vision, and dedication to operational excellence. Moreover, increased operating capacity and new routes contributed to the airline’s success in 2024. Demand for budget travel surged, which helped drive revenue growth and boosted passenger numbers.

Air Arabia Expands Fleet and Global Route Network

In 2024, Airline strengthened its global presence by launching 31 new routes. The airline currently operates from six hubs in the UAE, Morocco, Egypt, and Pakistan. Additionally, Air Arabia received ten new aircraft, increasing its fleet to 81 Airbus A320 and A321 planes. As a result, the airline now serves over 220 destinations across the Middle East, Africa, Asia, and Europe. With more travelers choosing the airline for reliable and affordable travel, Air Arabia is also exploring new markets for further expansion.

Commitment to Affordable and Efficient Travel

Air Arabia is committed to offering affordable and efficient travel solutions for both leisure and business travelers. Strengthening its global footprint and improving customer experience remain top priorities for the airline. Furthermore, its consistent profitability and expansion showcase a strong business model and strategic growth. The airline plans to introduce new routes and enhance passenger convenience. Ensuring customer satisfaction will continue to drive Air Arabia’s success.