Air Arabia PJSC
Ticker/ISIN
AIRARABIA
AEA003001012
Market/Country
Dubai Financial Market
United Arab Emirates
About Air Arabia PJSC
Latest Pressrelease Summaries from Air Arabia PJSC
Air Arabia has announced that a board of directors meeting is scheduled for Monday, January 13, 2025, at 3:00 PM. The meeting will focus on discussing the company's budget for the year 2025.
The Board of Directors of Air Arabia held a meeting on Monday, November 11, 2024, at 12:00 pm. During the meeting, the board approved the financial statements for the third quarter of 2024.
Air Arabia, the largest low-cost carrier in the Middle East and North Africa, reported a record net profit of AED 564 million for the third quarter of 2024, an 8% increase from the same period in 2023. The company's revenue for the first nine months of 2024 rose by 12%, surpassing AED 4.98 billion, with a 13% increase in passenger numbers and the launch of 22 new routes. In the third quarter, Air Arabia's revenue reached AED 1.78 billion, a 10% increase from the previous year, and over 5.1 million passengers were carried, marking an 8% rise. The seat load factor improved by 2% to 81%, indicating strong demand for the airline's services. Despite geopolitical and economic challenges, Air Arabia's performance highlights the resilience of its business model.
Air Arabia has announced that a board of directors meeting will be held on Monday, November 11, 2024, at 12:00 pm. The meeting will focus on discussing the financial results for the third quarter of 2024.
Air Arabia has announced that a board of directors meeting will take place on Monday, November 11, 2024, at 12:00 pm. The meeting will focus on discussing the financial results for the third quarter of 2024.
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.
Threads
Page 5
DFM News
News Update From Air Arabia PJSC
Disclosure: Financial statements for the 1st QTR of 2023
DFM News
News Update From Air Arabia PJSC
Disclosure: Results of BOD meeting
DFM News
News Update From Air Arabia PJSC
Disclosure: BOD meeting
DFM News
News Update From Air Arabia PJSC
Disclosure: Resolutions of General Assembly
DFM News
News Update From Air Arabia PJSC
Disclosure: Resolutions of General Assembly
The Annual General Meeting (AGM) of Air Arabia PJSC was held, where the proposal to distribute 15% of capital as cash dividends was approved. The board of directors was also elected for the next three years. The details of the resolutions are provided below. The message was conveyed by Abdelrahman Bin Taliah, the Director of Corporate & Government Affairs to Dr. Maryam Al Suwaidi, CEO of ESCA, and Mr. Hamed Ahmed Ali, CEO of DFM.
Page 5