Air Arabia PJSC Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Air Arabia PJSC (DFM:AIRARABIA) Full Year 2023 Results

Key Financial Results

• Revenue: د.إ6.00b (up 14% from FY 2022).
• Net income: د.إ1.55b (up 27% from FY 2022).
• Profit margin: 26% (up from 23% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: د.إ0.33 (up from د.إ0.26 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Air Arabia PJSC Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 8.8%.

Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Asia.

Performance of the market in United Arab Emirates.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Air Arabia PJSC that you should be aware of before investing here.

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