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Following the conclusion of its Annual General Meeting (AGM), the Board of Directors of Air Arabia announced that the assembly has approved the distribution of a 9% cash dividend of the company’s share capital for the year 2014, equivalent to 9 fils per share.
For last year, the net profit of Air Arabia, the largest low-cost carrier in the Middle East and North Africa, reached AED 566 million, up 30% compared to the year earlier.
Air Arabia’s total turnover for 2014 reached AED 3.7 billion, an increase of 17% on 2013, driven by increased passenger numbers. The carrier served 6.8 million passengers in 2014, up 12% compared to previous year. Air Arabia served 6.8 million passengers in the 12 months ending December 31, 2014, an increase of 12% compared to previous year. The low-cost pioneer’s seat load factor – or passengers carried as a percentage of available seats – reached an impressive 81% in 2014.
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