Flydubai announces a 17 percent increase in full-year profit

 

Fly Dubai Airlines recently announced a 17 percent increase in full-year profit.  The airline’s full-year profit of $10.1 million (AED37.3m) was an increase on the previous year’s profit of $8.6m (AED31.6m).Full-year revenue was reported as $1.5 billion (AED5.5bn), up 9.2 percent on last year’s $1.37bn (AED5bn). 10.9 million passengers travelled with FlyDubai during the year, growing 5.5 percent on the previous year.

Ghaith Al Ghaith, CEO of Flydubai, said: “The oil price continues to shape the business Flydubai placed the third largest order for new aircraft last year, ordering 175 Boeing 737 MAX airplanes at Dubai Airshow. The introduction of new and more fuel efficient aircraft into our fleet will be a positive influence and we will see greater benefit as more Boeing 737 MAX 8 aircraft join the fleet.”

Sheikh Ahmed, chairman of flydubai, said the results “demonstrate the key role that flydubai continues to play in the development of trade and tourism in the UAE.”

He went on to say that the code share agreement announced with Emirates last year, while still “in its early stages”, the partnership “has enjoyed a significant response from passengers who recognize the benefits of travelling around.”
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