Air Arabia PJSC

Logotype for Air Arabia PJSC
Ticker/ISIN
AIRARABIA
AEA003001012
Market/Country
Dubai Financial Market
United Arab Emirates

About Air Arabia PJSC

Country of Origin: United Arab Emirates

Air Arabia P.J.S.C. (Air Arabia) – Sharjah (the “Company”) was incorporated on June 19, 2007 as a Public Joint Stock Company in accordance with UAE Federal Law No. 8 of 1984 (as amended). The Company operates in the United Arab Emirates under a trade license issued by the Economic Development Department of the Government of Sharjah and Air Operator's Certificate Number AC 2 issued by the General Civil Aviation Authority, United Arab Emirates. The “Group” comprises Air Arabia P.J.S.C. (Air Arabia) and its Subsidiaries.

The Company’s ordinary shares are listed on the Dubai Financial Market, United Arab Emirates.

The licensed activities of the Company and its subsidiaries (together referred to as the “Group”) are international commercial air transportation, aircraft trading, aircraft rental, aircraft rent, aircraft spare parts trading, travel and tourist agencies, hotels, hotel apartment rentals, airline companies representative office, passengers transport, cargo services, air cargo agents, documents transfer services, telecommunications devices trading, aviation training and aircraft repairs and maintenance

Latest Pressrelease Summaries from Air Arabia PJSC

Air Arabia PJSC and its subsidiaries have released their condensed consolidated interim financial statements for the three-month period ending on March 31, 2025. These financial statements are unaudited.
Air Arabia reported a strong financial performance for the first quarter of 2025, with a net profit of AED 355 million, marking a 34% increase from the previous year. The airline's turnover rose by 14% to AED 1.75 billion, and it carried 4.9 million passengers, an 11% increase compared to the same period in 2024. The average seat load factor remained steady at 84%. These results reflect the airline's continued network expansion and market leadership in the Middle East and North Africa region.
Air Arabia reported a net profit of AED 355 million for the first quarter of 2025, marking a 34% increase compared to the same period in 2024. The airline's turnover rose by 14% to AED 1.75 billion. Additionally, Air Arabia carried 4.9 million passengers, an 11% increase from the previous year's first quarter, with an average seat load factor of 84%.
The Board of Directors of Air Arabia held a meeting on Tuesday, May 13, 2025, at 3:00 PM. During this meeting, they approved the financial results for the first quarter of 2025.
Air Arabia has announced that its board of directors will meet on Tuesday, May 13, 2025, at 3:00 PM. The meeting will focus on discussing the financial results for the first quarter of 2025.
The Air Arabia Annual General Meeting (AGM) was held today at 3:00 PM as previously announced. During the meeting, the AGM approved a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.
The Board of Directors of Air Arabia Company (PJSC) invites shareholders to attend the Annual General Assembly Meeting, which will be held both virtually and physically at the company's head office beside Sharjah International Airport, on Monday, March 17, 2025, at 3:00 pm. The agenda includes: reviewing and approving the Board of Directors' and Auditor's reports for the fiscal year ending December 31, 2024; discussing and approving the company's balance sheet and profit & loss account for the same period; considering a proposal for a 25% cash dividend distribution; approving the Board of Directors' remuneration; discharging the Board and auditors from liabilities for the fiscal year ending December 31, 2024; and appointing auditors for the fiscal year 2025 and determining their fees.
Air Arabia announced a record pre-tax profit of AED 1.6 billion for the year ending December 31, 2024, a 4% increase from the previous year. The airline's revenue grew by 11% to AED 6.63 billion, and passenger numbers rose by 12% to 18.8 million. The fourth quarter saw a net profit increase of 56% to AED 351 million, with quarterly revenue exceeding AED 1.65 billion. The Board of Directors proposed a cash dividend of 25 fils per share. In 2024, Air Arabia expanded its network by adding 31 new routes, leading to a 13% increase in operational capacity and a 2% rise in seat load factor to 82%.

Threads

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Results of BOD Meeting

On February 13, 2025, the Board of Directors of Air Arabia held a meeting at 3:00 PM. During the meeting, they approved the financial results for 2024, coordinated with the relevant authority to call for an Annual General Meeting (AGM), and proposed a cash dividend distribution of 25% of the capital, equivalent to 25 Fils per share.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Advancing BOD meeting date

Air Arabia has announced that its board of directors meeting has been rescheduled to Thursday, February 13, 2025, at 3:00 PM. During this meeting, the board will discuss the financial statements for the year 2024.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: BOD meeting

Air Arabia has announced that a board of directors meeting will be held on Friday, February 14, 2025, at 1:30 PM. The meeting will focus on discussing the financial statements for the year 2024.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: BOD meeting

The Air Arabia Board of Directors held a meeting on Monday, January 13, 2025, at 3:00 PM, as previously disclosed. During the meeting, the board approved the proposed budget for 2025.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Results of BOD Meeting

The Air Arabia Board of Directors held a meeting on Monday, January 13, 2025, at 3:00 PM, as previously announced. During this meeting, the board approved the proposed budget for 2025.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: BOD meeting

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.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Results of BOD Meeting

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.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Financial statements for the 3rd QTR of 2024

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: Press release regarding financial results for the 3rd QTR 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.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Air Arabia PJSC

Disclosure: BOD meeting

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.

1. Attached Document