flyadeal, Saudi Arabia’s fast-growing low-cost carrier, has announced half-year performance figures that have exceeded growth expectations, with milestones and achievements topped by becoming the world’s most punctual airline in June.
Compared with the first half of 2024, the six months to June 2025 saw passenger numbers increase 25 percent to just over 5 million, outstripping the 21 percent seat capacity growth.

With 33,400 flights operated — 200 daily for the first time since flyadeal’s inception in 2017 — thanks largely to a near 60 percent increase in the number of routes flown during the six months, the airline surpassed the industry average for best on-time performance of any low-cost Middle East airline for six consecutive months.

In June, flyadeal was acclaimed for being the world’s most punctual airline, achieving 91.77 percent operational performance based on flights within 15 minutes of scheduled arrival.
Operational highlights for January-June 2025 over the same period in 2024:
• Number of passengers carried rose 25 percent to 5.05 million
• Seat capacity increased 21 percent
• Total flights operated were up 20 percent to 33,400
• Number of routes flown went up 57 percent to 127 from three bases in the Kingdom
• Fleet grew by five aircraft to 39
• Most punctual airline in the world with on-time performance peaking at 91.77 percent
• Six consecutive months as the best Middle East low-cost airline for punctuality
• Launched scheduled flights to Pakistan signaling first move into South Asia
Key milestones and achievements in H1 2025:
• Joined sister airline Saudia’s AlFursan loyalty scheme for members to earn and redeem miles on flyadeal flights
• Historic order for 10 Airbus A330 widebody aircraft for long-haul flying
• Graduation of first 10 of 150 cadet pilots under a new Saudi government scholarship program
• flyadeal announced Saudi cabin crew to be trained as certified tour guides in a ground-breaking regional initiative
• flyadeal joined industry body International Air Transport Association
• Headcount rose 21 percent to 1,600 employees
Steven Greenway, flyadeal CEO, said: “The 2025 first-half performance demonstrated flyadeal’s ongoing commitment to growth in both passengers flown and available seat capacity. But more importantly, our business evolved with a continued focus on core values of operating as a low-cost airline, at high efficiency and with service excellence.”

“With the number of routes flown increase by almost 60 percent compared with the six corresponding months of 2024, we achieved 200 daily flights for the first time in June. As the fleet reached 39 aircraft, our milestone 40th has just been delivered in July giving us more capacity to increase frequency on existing services and add new destinations.”
He added: “Achieving status as the world’s most punctual airline in June was indicative of our commitment to operational excellence while increasing capacity. The introduction of scheduled flights to Karachi in Pakistan — our first move into South Asia — and the addition of Istanbul’s second airport of Sabiha Gökçen and Alexandria as our fourth year-round destination in Egypt, is evident of our approach to introduce new markets and strengthen existing ones.
“As we look forward to the coming months of boosting our network including adding Islamabad, Sialkot and Peshawar to boost our Pakistan operations, we are on course for year-end to reach another milestone of 40 million passengers carried since our very first flight.”

Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. has announced its financial results for the six-month period ending June 30, 2025.

The company reported revenue of 3.07 billion Qatari riyals ($844 million), an 87 percent year-on-year increase. The gross profit soared by 134 percent to 1.05 billion Qatari riyals, while EBITDA rose 97 percent to 732 million Qatari riyals compared to H1 2024. The net profit reached 465 million Qatari riyals, up 97 percent year-on-year, while earnings per share doubled, reaching 0.13 Qatari riyals.

While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its four sectors in Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan.

The company’s enhanced operational performance also underpinned an EBITDA of 732 million Qatari riyals, an increase of 97 percent, driven by disciplined financial and operational policies, which improved the profit margin.

“Our exceptional first half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion,” said Juan Leon, group CEO of Estithmar Holding.

He added: ”Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well placed to deliver exceptional stakeholder value and extend our footprint globally.”

Currently, Estithmar Holding’s operations span seven countries in addition to Qatar. The health care sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through the management of Al-Imam Al-Hassan Al-Mujtaba Hospital and Al-Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya, managing Misrata Heart and Vascular Center.

The real estate development and tourism division features major projects such as Rixos Baghdad Hotel and Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across Saudi Arabia, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale.

Specialized contracting activities have also expanded in Saudi Arabia, having been awarded major projects such as Red Sea Airport, five hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq.

Record share performance

Estithmar Holding’s share showed robust and sustained upward momentum during H1 2025, climbing 77 percent. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company’s expansion activities.

The company’s share performance reflects its sound management and operational policies focused on enhancing investor value. This aligns with the company’s long-standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.