Company Insights Air Arabia Aviation Air Arabia Overview Established in February 2003, Air Arabia was the first low-cost airline in the Middle East. The airline broke even during its first year in business and launched an initial public offering for 55% of its stock early in 2007. Air Arabia operates more than 200 routes across the Middle East, North Africa, Asia and Europe with a total fleet of around 75 aircraft. It has six main hubs: Sharjah, Ras Al Khaimah, Abu Dhabi, Morocco, Egypt and Pakistan. Subsidiaries include Air Arabia Egypt, Air Arabia Maroc, Air Arabia Holidays and Air Arabia Cargo. Air Arabia News Transport Air Arabia Q3 profit up as turnover rises 10% Net profit at Air Arabia rose 8 percent year on year to AED564 million ($153.6 million) in the third quarter of 2024, the Sharja-based airline has revealed, as it added new aircraft and routes. Turnover was AED1.8 billion, up 10 percent compared to the same period last year, while passenger numbers rose 8 percent year […] November 12, 2024 Aviation Air Arabia profits slip even as revenues climb Air Arabia’s profits declined in the second quarter of 2024, impacted by rising costs amid economic and geopolitical uncertainties. The UAE’s low-cost carrier reported a 7 percent fall in net profit, down to AED427 million ($116.3 million) from AED459 million in the same period last year. “The aviation industry continued to experience slower yield growth […] August 13, 2024 Opinion Aviation The Gulf will play a major role in sustainable aviation GCC airlines are leading the charge to make flying greener August 12, 2024 Aviation More low-cost airline routes planned for Saudi Arabia Plans to privatise domestic airports have been announced by Saudi Arabia as part of an aviation expansion strategy, which includes imminent licences for more low-cost airline routes, the kingdom’s civil aviation authority said this week. The General Authority of Civil Aviation has signed an agreement with a consortium led by the Turkish airport operator TAV […] May 21, 2024 Transport Air Arabia profit falls 22% amid fuel and currency woes UAE carrier Air Arabia reported a 22 percent decline in net profit for the first quarter of 2024 compared with the previous year. It cited challenges such as fuel price fluctuations, currency volatility and a shift in seasonality as a result of Ramadan. The low-cost carrier reported earnings of AED266 million ($71 million) for the first three months of […] May 14, 2024 Aviation UAE airlines increased Saudi flights during Ramadan Weekly flights from the UAE and Saudi Arabia rose 13 percent to 383 in March, compared to 338 in February. The increase was driven by growing demand from Umrah performers during the last 10 days of Ramadan, which started last month, state-run Wam news agency reported, quoting the General Civil Aviation Authority’s (GCAA) statistics. Flydubai […] April 9, 2024 Tourism Morocco denies subsidising Ryanair domestic flights Morocco’s Ministry of Tourism has denied claims that it is subsidising the Irish low-cost carrier Ryanair’s expansion across the country. Ryanair will open domestic flights throughout Morocco from the summer as part of its $1.4 billion investment in the North African country. It had been reported that the Moroccan National Tourism Office would be providing […] April 8, 2024 Transport UAE carriers expand reach to 603 global destinations UAE carriers were serving 603 destinations worldwide by the first quarter of 2024, compared to 586 at the close of 2023. The three percent increase reflects the rebound in the aviation sector and a surge in travel demand, state-run Wam news agency reported, quoting data released by the national carriers. Air Arabia leads with 215 […] April 3, 2024 Aviation Passengers pay for aviation’s sustainability shortcomings Penalties imposed on the aviation industry for failing to meet stringent sustainability targets will ultimately lead to higher air fares for passengers, according to an industry expert. “The customer is going to pay the extra cost,” said Wahab Teffaha, secretary general of the Arab Air Carriers’ Organization, speaking at the 11th annual Arab Aviation Summit […] February 29, 2024 Aviation Air Arabia remains upbeat despite profit drop in Q4 Air Arabia remains optimistic about the future of low-cost air travel despite reporting a drop in profit in the last quarter of 2023. Based in Sharjah, the no-frills airline reported a net profit of AED225 million ($61 million) in the fourth quarter of 2023, down 37 percent year on year in the last three months […] February 14, 2024 Posts navigation 1 2 … 4 Next
Transport Air Arabia Q3 profit up as turnover rises 10% Net profit at Air Arabia rose 8 percent year on year to AED564 million ($153.6 million) in the third quarter of 2024, the Sharja-based airline has revealed, as it added new aircraft and routes. Turnover was AED1.8 billion, up 10 percent compared to the same period last year, while passenger numbers rose 8 percent year […] November 12, 2024
Aviation Air Arabia profits slip even as revenues climb Air Arabia’s profits declined in the second quarter of 2024, impacted by rising costs amid economic and geopolitical uncertainties. The UAE’s low-cost carrier reported a 7 percent fall in net profit, down to AED427 million ($116.3 million) from AED459 million in the same period last year. “The aviation industry continued to experience slower yield growth […] August 13, 2024
Opinion Aviation The Gulf will play a major role in sustainable aviation GCC airlines are leading the charge to make flying greener August 12, 2024
Aviation More low-cost airline routes planned for Saudi Arabia Plans to privatise domestic airports have been announced by Saudi Arabia as part of an aviation expansion strategy, which includes imminent licences for more low-cost airline routes, the kingdom’s civil aviation authority said this week. The General Authority of Civil Aviation has signed an agreement with a consortium led by the Turkish airport operator TAV […] May 21, 2024
Transport Air Arabia profit falls 22% amid fuel and currency woes UAE carrier Air Arabia reported a 22 percent decline in net profit for the first quarter of 2024 compared with the previous year. It cited challenges such as fuel price fluctuations, currency volatility and a shift in seasonality as a result of Ramadan. The low-cost carrier reported earnings of AED266 million ($71 million) for the first three months of […] May 14, 2024
Aviation UAE airlines increased Saudi flights during Ramadan Weekly flights from the UAE and Saudi Arabia rose 13 percent to 383 in March, compared to 338 in February. The increase was driven by growing demand from Umrah performers during the last 10 days of Ramadan, which started last month, state-run Wam news agency reported, quoting the General Civil Aviation Authority’s (GCAA) statistics. Flydubai […] April 9, 2024
Tourism Morocco denies subsidising Ryanair domestic flights Morocco’s Ministry of Tourism has denied claims that it is subsidising the Irish low-cost carrier Ryanair’s expansion across the country. Ryanair will open domestic flights throughout Morocco from the summer as part of its $1.4 billion investment in the North African country. It had been reported that the Moroccan National Tourism Office would be providing […] April 8, 2024
Transport UAE carriers expand reach to 603 global destinations UAE carriers were serving 603 destinations worldwide by the first quarter of 2024, compared to 586 at the close of 2023. The three percent increase reflects the rebound in the aviation sector and a surge in travel demand, state-run Wam news agency reported, quoting data released by the national carriers. Air Arabia leads with 215 […] April 3, 2024
Aviation Passengers pay for aviation’s sustainability shortcomings Penalties imposed on the aviation industry for failing to meet stringent sustainability targets will ultimately lead to higher air fares for passengers, according to an industry expert. “The customer is going to pay the extra cost,” said Wahab Teffaha, secretary general of the Arab Air Carriers’ Organization, speaking at the 11th annual Arab Aviation Summit […] February 29, 2024
Aviation Air Arabia remains upbeat despite profit drop in Q4 Air Arabia remains optimistic about the future of low-cost air travel despite reporting a drop in profit in the last quarter of 2023. Based in Sharjah, the no-frills airline reported a net profit of AED225 million ($61 million) in the fourth quarter of 2023, down 37 percent year on year in the last three months […] February 14, 2024
