flynas reported strong financial and operational performance for the fourth quarter and full year ending December 2025.
The airline carried 15.8 million passengers in 2025, a 7 per cent year-on-year increase, supported by fleet expansion and steady demand.
During the year, it operated a 71-aircraft fleet across 156 routes, serving 80 destinations in 38 countries, reflecting continued network growth and disciplined operational execution.
In 4Q 2025, passenger volumes increased 13 per cent year-on-year to 4.3 million, while revenue rose 7 per cent to SAR 1.8 billion ($480 million), driven by a 17 per cent increase in capacity.
Additionally, the airline introduced targeted fare initiatives in 4Q to stimulate demand and maintained average load factor above 85 per cent. Adjusted EBITDA increased 21 per cent to SAR 482 million ($128 million) with margin improving to 27.1 per cent, supported in part by supplier credits related to cost impact of aircraft grounding during the year.
Adjusted net profit for the quarter stood at SAR 67 million ($18 million), up from an adjusted net loss of SAR 59 million ($16 million) in the same period last year.
For the full year, total revenue rose 4 per cent to SAR 7.8 billion ($2 billion) in line with guidance.
Adjusted EBITDA increased 15 per cent to SAR 2.5 billion ($666 million), with margin improving to 32.1 per cent amid stronger cost control and enhanced network productivity.
Adjusted net profit rose 28 per cent year-on-year to SAR 556 million ($148 million), with margin reaching 7.1 per cent, up 1.4 percentage points year-on-year ahead of the guidance.
Bander Almohanna, Chief Executive Officer and Managing Director of flynas, said: “2025 was a year of disciplined execution and strategic progress for flynas. Despite external headwinds, including aircraft availability constraints and regional disruptions, we stayed focused on what matters the most: operational reliability, cost discipline, and network expansion.
“Our low-cost model continues to prove resilient, enabling us to serve growing demand for affordable travel while maintaining margin discipline. We expanded our fleet to 71 aircraft, launched 25 new routes, and entered 9 new countries, increasing our footprint to a total of 38 countries, reinforcing our position as a leading carrier in the MENA region.
“The strength of our model is reflected not only in our financial performance but also in our ability to adapt quickly to changing conditions. We introduced wet leases to protect schedules and maintained load factors above 85 per cent for the quarter through targeted fare initiatives.
Since the recent regional conflict began in February 2026, we have been focused on maintaining operational stability, supporting our passengers, and adapting our operations as needed. The safety of our passengers and employees remains a priority, and we continue to monitor the situation closely while managing disruption in a disciplined manner, preserving service continuity and operational flexibility.
“Looking ahead, we remain focused on sustainable growth. Our strategy is clear: scale capacity efficiently, deepen our presence in key markets, and continue to enhance the guest experience. With a modern fleet, a strong balance sheet, and a committed team, flynas is well positioned to capture the significant opportunities ahead in both domestic and international travel.”