Saudi Arabia’s low-cost carrier flynas closed 2025 with record annual profitability, reporting Q4 revenues of approximately SAR 1.7 billion while setting its sights on a fleet expansion to around 80 aircraft in the near term as part of a broader growth trajectory targeting 150 planes by 2030.
Strong Q4 Performance Anchors a Record Year
Bander Al-Mohanna, CEO and Managing Director of flynas, told Argaam in an interview that seat capacity rose approximately 17 percent in the fourth quarter of 2025, while the number of passengers climbed 14 percent to reach around 4.3 million during the same period. EBITDA increased by roughly 21 percent to approximately SAR 482 million in Q4, with the airline’s load factor exceeding 85 percent — a figure the CEO described as a strong indicator of sustained passenger demand given the simultaneous expansion in operating capacity.
Al-Mohanna noted that all destinations operated during 2025 and throughout the fourth quarter met their set performance targets, and that the company received eight Airbus aircraft during the year without any delivery delays from the manufacturer. A combination of owned aircraft and leased capacity forms the backbone of the airline’s fleet strategy, allowing flynas the flexibility to scale operations as demand evolves.
Eid Travel Demand and Domestic Expansion
With Eid Al-Fitr approaching, Al-Mohanna confirmed that flynas is continuing to operate its full domestic and international schedule. He noted that while travel demand typically moderates during Ramadan, flights to Makkah and Madinah see elevated demand as pilgrims and visitors travel to the holy cities. Should any airport operational disruptions in the region persist beyond the short term, flynas has a contingency plan in place to redirect capacity to alternative markets, including tourist destinations within Saudi Arabia and other popular routes during the Eid holiday period.
The domestic market remains a particular point of emphasis for flynas, with the CEO highlighting ongoing expansion of domestic routes following detailed market studies to assess demand and identify growth pockets across the Kingdom. Saudi Arabia’s aviation sector has seen substantial passenger growth over recent years, driven by tourism initiatives under Vision 2030 and rising domestic travel among Saudi nationals and residents alike.
Vision 2030 Growth Roadmap
Looking ahead to 2026, Al-Mohanna set revenue growth guidance of between 16 and 18 percent year-on-year, alongside the targeted expansion of the fleet to approximately 80 aircraft. The airline’s longer-term roadmap envisions a fleet of 150 planes by 2030, positioning flynas as one of the primary carriers supporting Saudi Arabia’s ambition to attract over 150 million tourists annually by the end of the decade.
The CEO also addressed a non-recurring expense item of approximately SAR 1.08 billion related to the accounting treatment of treasury share sales under International Financial Reporting Standards (IFRS), clarifying that the item does not affect the company’s cash flows or underlying operating performance. Adjusted net profit after excluding this item came in at approximately SAR 556 million, confirming what Al-Mohanna described as a record year for the low-cost carrier.
