The airline delivered €690.1 million in revenue, 11% more than in 2024

This performance enabled Air Nostrum to pay back €53.4 million of the COVID-19-incurred debt in 2025, including an early €20 million repayment on the SEPI managed loan

The airline once again set a new annual occupancy milestone in 2025 with an 82.6% rate, carrying more than six million passengers

VALENCIA, 29 JULY 2026

Air Nostrum returned to profitability in 2025, closing the year with EBITDA of €37.8 million, an operating income of €25.9 million, and a net profit before tax of €10.5 million, in contrast with the €3.3 million loss recorded in 2024. These results confirm the airline’s strong business performance and demonstrate the positive impact of the strategies implemented to strengthen operational profitability.

Revenue reached €690.1 million in 2025, an 11% year-on-year increase. This revenue growth was driven by higher activity levels, with the number of flights operated rising 7.2% to 85,169, alongside an 1.1 percentage-point increase in the occupancy factor compared to 2024, which reached 82.6%.

Higher levels of activity and an improved flight occupancy factor drove strong growth in passenger numbers, creating a strong impact on the connectivity and regional mobility across Spain. Air Nostrum carried 6,060,576 passengers during 2025, representing a 9.4% increase compared with 2024.

This improved performance was also reflected in operating income, which stood at €25.9 million, more than three times higher than the €8.3 million recorded in 2024. This progress underscores a significant recovery in operating margin despite the ongoing challenging environment for the aviation sector.

The strong performance delivered in 2025 positions Air Nostrum on a solid, reinforced footing to face the future, with an upward revenue trajectory and a competitive cost structure. This was made possible by an exceptional team of 1,600 professionals who, every day, serve passengers on more than 230 daily flights with unwavering dedication.

While the first half of 2026 was marked by fuel price volatility stemming from the conflict in the Middle East, Air Nostrum’s hedging policy and other initiatives to enhance revenue generation and cost efficiency helped cushion the impact on the first-half results.

Meeting financial commitments

Strong operational performance and cash generation enabled the airline to continue meeting its financial commitments and repaying loans taken on during the pandemic. In 2025, Air Nostrum repaid a total of €53.4 million, including €40.4 million in principal repayment on loans provided by several banks and guaranteed by the ICO (€20.4 million) and an early repayment of €20 million on the loan managed by the Sociedad Española de Participaciones Industriales (SEPI). The remaining €13 million corresponded to interest on these loans.

Since committing to repay these loans before 31 December 2025, Air Nostrum has already repaid €95.2 million in principal and €45.7 million in interest, making a total of €141 million in payments linked to the debt owed in the wake of the COVID-19 pandemic.

Air Nostrum, leading airline

Air Nostrum is Spain’s leading regional airline and one of the largest European carriers in its category. Operating for the Iberia Group under the Iberia Regional Air Nostrum brand, the airline connects 59 destinations across nine countries in Europe and North Africa with a fleet of 46 new-generation aircraft. With 1,600 employees, Air Nostrum has carried almost 120 million passengers over its 32-year history.

temas Air Nostrum