UAE Equity Research - Air Arabia 2Q25 - First Look Note
Seat load factor across all hubs stood at 85% in 2Q25, compared to 79% in 2Q24. No. of passengers who travelled across all its hubs surged from 4.5 Mn in 2Q24 to 5.1 Mn in 2Q25. Added two aircraft in 1H25 with a total fleet of 83 owned and leased fleet.
UAE Equity Research - Air Arabia PJSC 1Q25 - First Look Note
The Company’s seat load factor stood at 84% in 1Q25. Order book of Air Arabia includes 120 aircraft of Airbus A320 category, with delivery scheduled from 2025. Added two new aircraft and now operates 83 aircraft including 74 Airbus A320 and 9 Airbus A321 in 1Q25.
UAE Equity Research - Air Arabia 4Q24 - First Look Note
The Company’s seat load factor stood at 83% in 4Q24, compared to 81% in 4Q23. Added ten new aircraft and nine leased aircraft in FY24 and now operates 81 aircraft including 72 Airbus A320 and 9 Airbus A321. The Airline’s turnover grew 10.7% YOY to AED 6.6 Bn in 2024.
UAE Equity Research - Air Arabia PJSC 3Q24 - First Look Note
The Company’s seat load factor stood at 81% in 3Q24, compared to 79% in 3Q23. Added three new aircraft in 9M24 and now operates 77 aircraft including 68 Airbus A320 and 9 Airbus A321 during 3Q24. The airline’s turnover grew 12.0% YOY to AED 5.0 Bn in 9M24.
Air Arabia’ served 16.7 Mn passengers in 2023 travelling through seven hubs located in the UAE, Morocco, Egypt, Armenia, and Pakistan with a load factor of 80.4%.
Robust passenger demand with higher other income and cost control management drives profitability
Air Arabia’ served 12.4 Mn passengers travelling through seven hubs located in the UAE, Morocco, Egypt, Armenia, and Pakistan with a load factor of 80% in 9M23.
Strong demand for air travel and cost control measures boosted profitability
Air Arabia’ served more than 7.7 Mn passengers traveling through seven hubs located in the UAE, Morocco, Egypt, Armenia, and Pakistan with a load factor of 81% in 1H23.
