{"id":248123,"date":"2025-02-18T05:15:00","date_gmt":"2025-02-17T22:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=248123"},"modified":"2025-02-18T05:28:42","modified_gmt":"2025-02-17T22:28:42","slug":"air-arabia-declares-2024-profit","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2025\/02\/air-arabia-declares-2024-profit\/","title":{"rendered":"Air Arabia declares 2024 profit"},"content":{"rendered":"\n<p>SINGAPORE, 18 February 2025: Air Arabia, a low-cost carrier operator in the Middle East and North Africa, has announced its financial and operational results for the year ending 31 December 2024.<\/p>\n\n\n\n<p>The airline posted a record pre-tax net profit of AED1.6 billion, a 4% increase from AED1.5 billion in 2023. Total turnover for the year surpassed AED6.63 billion, an 11% growth from AED6 billion in 2023.<\/p>\n\n\n\n<p>In 2024, Air Arabia reinforced its commitment to expansion and operational excellence by growing its network across six hubs and adding 31 new routes. This strategic expansion led to a 13% increase in operational capacity and a 12% rise in total passengers carried, reaching 18.8 million across the group. The airline also reported a 2% increase in average seat load factor, reaching 82%, further underscoring the sustained strong demand for Air Arabia\u2019s value-driven, low-cost services.<\/p>\n\n\n\n<p>In the fourth quarter ending 31 December 2024, Air Arabia reported a record net profit of AED351 million, marking a 56% increase compared to AED225 million in the same quarter last year. Total turnover for the fourth quarter of 2024 rose 7% to AED1.65 billion, driven by an 11% increase in passenger numbers, as the airline carried over 4.7 million passengers across all hubs during the quarter. Meanwhile, the seat load factor increased by 2, reaching 83%, reflecting sustained demand for Air Arabia&#8217;s services.<\/p>\n\n\n\n<p><strong>Full-year financial performance<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"956\" height=\"536\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10.jpg\" alt=\"\" class=\"wp-image-248124 lazyload\" style=\"--smush-placeholder-width: 956px; --smush-placeholder-aspect-ratio: 956\/536;width:606px;height:auto\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10.jpg 956w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10-300x168.jpg 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10-600x336.jpg 600w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10-768x431.jpg 768w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10-696x390.jpg 696w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2025\/02\/4-10-749x420.jpg 749w\" data-sizes=\"(max-width: 956px) 100vw, 956px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" \/><\/figure>\n<\/div>\n\n\n<p><strong>Full Year 2024 Highlights:<\/strong><\/p>\n\n\n\n<p><strong>Fleet<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Air Arabia\u2019s total operating fleet expanded to 81 Airbus A320 and A321 aircraft across all hubs.<\/li>\n\n\n\n<li>Ten Airbus A320 aircraft were added to the fleet in 2024, further strengthening operational capacity.<\/li>\n\n\n\n<li>Nine short-term leased Airbus A320 and A321 aircraft were introduced in 2024 to support peak-season operations across the group.<\/li>\n<\/ul>\n\n\n\n<p><strong>Network<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Air Arabia added 31 new routes to its global network in 2024, bringing the total network size to 220 routes from all operating hubs.<\/li>\n\n\n\n<li>The capacity available across all hubs increased by 13% during the full year 2024 compared to the previous year.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, 18 February 2025: Air Arabia, a low-cost carrier operator in the Middle East and North Africa, has announced its financial and operational results for the year ending 31 December 2024. The airline posted a record pre-tax net profit of AED1.6 billion, a 4% increase from AED1.5 billion in 2023. Total turnover for the year [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":229427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,447],"tags":[],"class_list":{"0":"post-248123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"category-middle-east"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Air Arabia declares 2024 profit - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2025\/02\/air-arabia-declares-2024-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air Arabia declares 2024 profit - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, 18 February 2025: Air Arabia, a low-cost carrier operator in the Middle East and North Africa, has announced its financial and operational results for the year ending 31 December 2024. 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