Saudia Airlines posts Q2 loss of 240.6M Riyals
Air Arabia announced a shift from generating profits to recording a net loss of 240.58 million Riyals in the second quarter of 2026, compared to its success in the previous year. This change is attributed to a 29% increase in fuel costs and a 30% rise in selling, marketing, and administrative expenses. Despite the decline in quarterly profits, revenues grew by 3.2% year-over-year, supported by higher revenues from the low-cost airline sector and the Hajj season. On a half-year basis, losses narrowed by 82.83% to 122.68 million Riyals, with revenues increasing by 6.19%, an improvement in operational profitability, and equity remaining stable at 3.44 billion Riyals.
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