Air Arabia Announces Record Profits and Dividend

Air Arabia's board recommends a 25 fils dividend per share following strong financial results, reporting a record net profit of AED 1.6 billion for FY 2024. Despite global aviation challenges, the airline continues to expand its operational capacity and network.


Air Arabia Announces Record Profits and Dividend

"Arabic Airlines", the award-winning economic carrier, announced a distribution of profits at a rate of 25 fils per share after its strong financial performance during the fiscal year ending on December 31, 2024. The company recorded a pre-tax net profit of 1.6 billion dirhams, an increase of 4% compared to 2023.

The General Assembly approved a report that includes an auditor's certification of the financial statements and the general budget and the accounting of profits and losses, and a discharge of the members of the Board of Directors and the auditors from responsibility. As for the year 2024, Sheikh Abdul Allah bin Muhammad Al-Thani, Chairman of the Board of Directors, announced: "Despite the economic challenges and geopolitical tensions, we reached exceptional growth."

"Arabic Airlines" added 31 new destinations to operate in the UAE, Morocco, Egypt, and Pakistan. The carrier now owns a fleet comprising 81 aircraft of the Airbus A320 and A321 series, serving 220 destinations in various regions.