Dubai, Feb. 16 -- Low-cost carrier Air Arabia reported a record-breaking pretax profit of AED 1.6 billion for 2024, with full-year revenue rising by 11pc, driven by a surge in passenger numbers, which hit 18.8 million.

The airline's board of directors has proposed a cash dividend of 25 fils per share, crediting its strong performance to an "exceptional" Q4.

In the final quarter, net profit soared 56pc to AED 351 million, while quarterly revenue exceeded AED 1.65 billion.

"In 2024, Air Arabia reinforced its commitment to expansion and operational excellence by growing its network across six hubs and adding 31 new routes.

This strategic expansion led to a 13pc increase in operational capacity and a 12pc rise in total passengers carried,...