Cairo, Egypt: Egypt’s Ministry of Civil Aviation has confirmed that EgyptAir companies recorded their highest annual profits in the airline group’s 93-year history during the 2024/2025 fiscal year, following remarks made by Civil Aviation Minister Sameh El Hefny during a recent Senate session. In an official clarification issued after the session, the ministry said several media reports had inaccurately interpreted the minister’s statements regarding the financial performance of EgyptAir Holding Company and its affiliated subsidiaries. Media reports incorrectly described the statement as EgyptAir’s “first-time profit,” while the minister had actually referred to it as the “highest annual profit in the airline’s 93-year history. The ministry clarifies that what Dr. Sameh Al-Hafny confirmed during the session is that "Egypt Airlines has achieved record financial results during the financial year 2024 / 2025 representing the highest annual profits achieved by the company since its establishment, whether in local or foreign currency, which reflects the success of the development plans aimed by the company, and improvement "Operation efficiency, and optimal utilization of resources." The Minister of Civil Aviation also addressed the ongoing efforts of the state to develop and upgrade the civil aviation sector, including improving the efficiency of the Egyptian airports system and increasing its capacity, as well as supporting plans to upgrade the fleet of Egypt Aviation Company, and improving the level of services provided to passengers, in accordance with the best international standards, which strengthens the competitiveness of the sector regionally And internationally. The clarification stressed the need for “accuracy and objectivity when circulating information in order to preserve credibility and professional standards.” During discussions in the Senate, El Hefny highlighted the difficult economic environment facing airlines globally, stating that aviation remains a low-margin industry with average profit margins ranging between “2 percent and 4 percent” due to high operational and fuel costs. The minister also noted that increases in global fuel prices during March and April added nearly USD 53 million in additional operating costs to the sector. Officials said the ministry continues to implement modernization plans across Egypt’s aviation industry, including airport development projects, upgrades to passenger services and fleet expansion initiatives designed to improve operational performance and passenger experience. According to reports citing the minister’s remarks, EgyptAir is also moving forward with plans to add 28 aircraft as part of its broader modernization and growth strategy.
Airlines

EgyptAir Posts Record Annual Profits In 93 Years Despite Global Aviation Cost Pressures

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Cairo, Egypt: Egypt’s Ministry of Civil Aviation has confirmed that EgyptAir companies recorded their highest annual profits in the airline […]