Dubai – Mubasher: Air Arabia registered net profits after tax valued at AED 248.20 million in the first quarter (Q1) of 2026, down 22% year-on-year (YoY) from AED 305.13 million, according to the financial results.
The lower profits were driven by the impact of the ongoing conflict in the region, which resulted in a sharp reduction in capacity due to airspace closures and temporary operational restrictions.
Similarly, the basic and diluted earnings per share (EPS) declined to AED 0.05 in the first three months (3M) of 2026 from AED 0.06 a year earlier.
On the other hand, the revenues increased by 1% YoY to AED 1.80 billion as of 31 March 2026 from AED 1.77 billion.
Air Arabia carried 4.70 million passengers across its operating hubs, a 5% decrease compared to Q1-25, while the average seat load factor rose to 86%.
Chairman of Air Arabia, Abdullah bin Mohammad Al Thani, said: “Despite a challenging first quarter of the year, marked by airspace restrictions and operational disruptions as a result of the conflict in the region, Air Arabia demonstrated strong resilience and agility in responding to rapidly evolving conditions.”
“Our ability to optimize capacity and maintain operational continuity enabled us to effectively manage the impact during this ongoing critical period,” Al Thani continued.
He noted: “Despite these challenges, we are pleased to have delivered a solid first-quarter performance, supported by continued strong passenger demand across our network wherever we operated. This reflects the strength of our multi-hub business model, our disciplined cost management, and our ongoing focus on operational efficiency and service excellence.”
Air Arabia delivered its strongest-ever financial and operational performance for 2025, generating net profits after tax worth AED 1.62 billion.
