Revenue distribution by sectors:

• Passenger flights: approx. 85%
• Cargo and logistics: approx. 10%
• Other services: approx. 5%

TOP 3 markets:

• United Arab Emirates: approx. 40%
• Saudi Arabia: approx. 25%
• Egypt: approx. 15%

Air Arabia PJSC generates the majority of its revenue from passenger flight operations, which is typical for an airline. The cargo and logistics sector also contribute significantly, but to a lesser extent. The key markets for Air Arabia are the United Arab Emirates, Saudi Arabia, and Egypt, with the UAE accounting for the largest share. These markets are strategically important for Air Arabia due to their geographical location and high demand for air travel in the region.

Production Sites: No specific production sites

Air Arabia PJSC is an airline company and does not produce physical products. The company provides air transport services and operates from several hubs, including Sharjah, Ras Al Khaimah, Abu Dhabi, and Alexandria.

The airline focuses on the operation and maintenance of its aircraft, with these services typically being carried out at specialized locations or by partner companies.

Fleet Expansion: Planned increase by 20% by 2026
New Routes: Introduction of 15 new destinations in 2025
Partnerships: Expansion of codeshare agreements with international airlines

Air Arabia is pursuing a growth strategy based on expanding its fleet and entering new markets. By 2026, the company plans to increase its fleet by 20% to enhance capacity and respond more efficiently to the growing demand.

In addition, Air Arabia plans to add 15 new destinations to its route network in 2025. This move is intended to strengthen market presence and tap into new revenue sources.

Another focus is on deepening international partnerships. By expanding codeshare agreements with other airlines, Air Arabia aims to broaden its global reach and provide passengers with more travel options.

Kerosene: Main import from the United Arab Emirates and Saudi Arabia.

Aircraft parts and maintenance materials: Import from the USA, Germany, and France.

Onboard catering and consumables: Import from regional markets such as India and Turkey.

Air Arabia PJSC mainly imports kerosene as fuel for its aircraft, with the United Arab Emirates and Saudi Arabia being the primary suppliers. This is logical due to the geographical proximity and the established oil industry in these countries.

For aircraft parts and maintenance materials, Air Arabia sources products from international manufacturers, especially from the USA, Germany, and France, known for their aviation technology.

Onboard catering and other consumables are often imported from regional markets such as India and Turkey to optimize costs and shorten supply chains.

Market share in the MENA region: 14% (2024)
Fleet growth: 8% (2024)
Cost per available seat kilometer (CASK): 0.045 USD (2024)

Air Arabia PJSC has established itself as a leading low-cost airline in the MENA region. With a market share of 14% in this region, the company demonstrates a strong presence supported by continuous fleet growth and an efficient cost structure.

The fleet growth of 8% in 2024 indicates that Air Arabia is expanding its capacity to meet the increasing demand. The low operating costs, measured by the CASK of 0.045 USD, give the company a significant competitive advantage over other airlines, as they are able to offer competitive prices and remain profitable.

Additionally, Air Arabia benefits from strategic partnerships and a well-developed route network that enables it to explore new markets and strengthen existing ones. Together, these factors give Air Arabia a solid competitive edge in the fiercely competitive aviation industry.

Institutional Investor Share: Estimated at about 45% (2025)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share at Air Arabia is approximately 45%, indicating a strong confidence from institutional investors in the company's business model and market position. These investors significantly contribute to the stability and liquidity of the stock.

In 2024, there were no significant insider transactions, suggesting that the management and other insiders do not currently anticipate major changes in the company's valuation. This could be a sign of stable corporate governance and a positive outlook on future business development.

Market share of Air Arabia: 12% (estimated 2025)

Top competitors and their market shares:

1. Emirates Airline: 25%
2. Etihad Airways: 18%
3. Qatar Airways: 15%
4. Flydubai: 10%
5. Saudia: 8%
6. Oman Air: 5%
7. Kuwait Airways: 4%
8. Gulf Air: 3%

Air Arabia holds an estimated market share of 12% in the Middle East, making them a significant player in the region. The largest competitor is Emirates Airline with a market share of 25%, followed by Etihad Airways and Qatar Airways.

Air Arabia's moat mainly lies in their business model as a low-cost carrier, allowing them to offer affordable flights and attract price-sensitive customers. This is a significant advantage in a market dominated by premium service providers.

Compared to major premium airlines like Emirates and Qatar Airways, which offer strong brands, extensive networks, and excellent customer service, Air Arabia has a less pronounced moat. The premium airlines have larger financial resources and a stronger global presence, giving them a competitive edge.

Nevertheless, through its niche strategy and focus on cost-effective travel, Air Arabia can maintain a stable market share and achieve competitive advantages in certain segments.

Revenue Growth: 18% (2024) Passenger Growth: 12% (2024) Fleet Expansion: 10 new aircraft (2024)

Air Arabia PJSC recorded a revenue growth of 18% in 2024, attributed to strong demand in the aviation sector and successful expansion into new markets. The company also achieved a passenger growth of 12%, indicating increased capacity and improved service offerings.

The fleet expansion by 10 new aircraft in 2024 demonstrates Air Arabia's commitment to expanding its market presence and increasing efficiency. These strategic steps point to solid growth potential.

Additionally, Air Arabia has been consistently investing in technology and customer experience in recent years, further enhancing its competitiveness. Given these positive developments, Air Arabia's stock could present an attractive investment opportunity, especially for investors looking for long-term growth in the aviation sector.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Air Arabia PJSC has pursued a consistent dividend policy in recent years. The company has regularly distributed dividends, indicating stable financial health and a solid cash flow. The estimated dividend yield of 4.5% for the year 2025 suggests that the company continues to be able to offer attractive returns to its shareholders.

The reliability of dividend payments is supported by Air Arabia's strong market position and its ability to remain profitable in a competitive market environment. Analysts expect the company to maintain its dividend policy in the future as well, unless significant economic or industry-specific challenges arise.