Air Arabia's 2024 profits up 12% January-September

Air Arabia, the Middle East and North Africa's largest low-cost carrier, has had an exceptional year to date financially, with the airline recording record results for first nine months of 2024.

Its net profit for the third quarter ending 30 September 2024 was US$153 million; an 8% increase compared to the same period in 2023.

The airline achieved a turnover of US$484 million, marking a 10% increase compared to the third quarter of last year.

From July to September 2024, more than 5.1 million passengers travelled with Air Arabia Group across its operating hubs, reflecting an 8% increase from the 4.7 million passengers carried in the same quarter of the previous year.

RELATED:
Air Arabia to operate flights from Abu Dhabi to Yekaterinburg in Russia
Abu Dhabi sees 11% year-on-year increase in Russian tourists
Air Arabia launches Abu Dhabi home check-in service

The airline's average seat load factor "Air Arabia's record net profit in the third quarter, coupled with strong growth in revenue and passenger demand, is a testament to the strength of the business model we operate and the true value we offer to our customers."As we look to the remainder of the year, we remain focused on strategic growth, disciplined cost management, and delivering exceptional value to our customers."

During the first nine months of the year, Air Arabia added 6 new aircraft to its fleet bringing it to a total of 77 owned and leased Airbus A320 and A321 aircraft.

During the same period, the carrier has expanded its network by launching 22 new routes across its operating hubs in the UAE, Morocco, Egypt and Pakistan.

For more information, visit www.airarabia.com

FIND OUT MORE