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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%.
GFH Financial Group B.S.C. announced that it has purchased 514,800 of its own treasury shares, increasing its total treasury shares from 207,907,618 (5.42% of the total issued shares) to 208,422,418 (5.44% of the total issued shares) as of May 13, 2025. The decision to purchase these shares was made by the company's board of directors on March 24, 2024, and was approved by the relevant authority on February 16, 2025. The purchase was completed on May 13, 2025, with an average price of 0.2994 USD per share. The shares purchased represent 0.013% of the issued capital, and there are 174,836,965 shares remaining for potential purchase. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
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.