Menzies Aviation, the leading service partner at the world airports and airlines, has announced record performance in 2024, representing his fourth consecutive year of two -number revenue growth.
It was reported in the annual review and sustainability report for 2024, and the airline provider has achieved strong financial results, with global revenues increasing on an annual basis by 20 % to $ 2.6 billion, driven by expanding the current and new markets.
The group also reported the presence of the strong EBITDA of $ 382 million (post -IFRS16), with a margin of 15 %, showing the strength of its basic operations and the sustainability of business. This has been able to increase investment in equipment, technology and training, while providing confidence to customers as a long -term reliable partner.
This unparalleled growth affirms that Menzies is a pioneer in this field and provides a strong foot for future expansion as it chooses more airlines and airport partners for the company as a partner in the selection, as it admits the safety of its record and its high -quality services and graceful leadership.
The main deals in Portugal, Hong Kong, Angola and Malaysia helped strengthen the company’s global imprint to 300 airports in 65 countries.
Show expansion in existing markets, such as Serbia and Spain, its successful partnerships and a strong busy record.
Menzies managed more than 4.8 million trips (2023: 4.5 million), and more than 250 million passengers (2023: 217 million) served.
Investments enabled the current air freight facilities as well as the advanced technology company to deal with 2.4 million tons of goods (2023: 2 million). The launch of the Pearl Eleved Severage brand has strengthened its shows, which paid 2.8 million guests to 55 halls, while Air Menzies International has strengthened its location as a pioneer in the open air field, as it achieved 16 % growth on an annual basis.
The company also made great progress towards ESG goals, with continuous efforts to reduce emissions in line with its ambitious goal for Net-Zero 2045, indicating a commitment to sustainable growth along with business expansion.
The main points include:
This was the first major airline provider with a zero -zero targets approved by the Science -based Goals initiative.
Progressing the target of the 25 % ground support equipment (GSE) by 2025, with 22 % of its fleet all over the world is now electric.
The second year in a row is to reduce the rate of volunteer employee rotation with another 5 % decrease in 2024, which means that the company is now much lower than pre -incubation levels.
She reached its goal of 25 % of women in the royal leadership roles, in line with the IATA 25BY2025 campaign.
It was funded by more than 388 thousand US dollars for sustainable development partnerships, community projects, charities and support for local donations by its teams.
Hassan Al -Hadri, CEO, Menzies Aviation said: “The year 2024 was a pioneer for Menzies, who is characterized by a dual -number growth of numbers and monuments records in both the flights and passengers who served, and play the expected tons. To exceed 5.2 billion people for the first time and more than 40 million flights to the sky in 2025, our vision remains for the future Clear: to be the world’s leading airline provider.
“The strategic expansion has been the key to our success over the past four years, which has led to an increase of 41 percent in the number of airports that we serve and the growth of 71 percent in the number of countries that excelled in 2021. Getting our net goals approved by the science -based goals initiative, which enhances our commitment to progress From the front and raising the tape in sustainability.
