Minister of Civil Aviation Dr. Captain Sameh El Hefny announced, during his participation in the plenary session of the Senate, that EgyptAir achieved record results in the 2024-2025 fiscal year, representing the highest annual profits the company has achieved since its establishment, in both local and foreign currency, reflecting the success of the company's development plans, improved operational efficiency and the optimal use of resources.
El Hefny addressed the impact of fuel prices on operating costs, explaining that the aviation industry is extremely sensitive, with profit margins not exceeding 2% to 4%, citing as an example the repercussions of the global rise in fuel prices resulting from the Iran-US war in March and April, which amounted to around USD 53 million.
The Minister of Civil Aviation's speech also addressed the state's continuous efforts to develop and modernize the civil aviation sector, including raising the efficiency of the Egyptian airports system and increasing its capacity, as well as supporting plans to modernize the EgyptAir fleet and raising the level of services provided to travelers according to the best international standards, strengthening the sector's regional and international competitiveness.
Regarding service levels, the Minister of Civil Aviation said international airline ratings are subject to a set of specialized technical and operational requirements and standards, noting that not targeting five stars does not detract from the quality of service, as there are major global airlines with distinguished operational and service levels that fall within the four-star category.
