Subscribe Free
in Business & Finance

Flydubai sees strong growth in revenues, record passengers and sustained profit

Posted 21 February 2018 · Add Comment

Flydubai has announced its full-year results for the year ending 31 December 2017.

Flydubai reports total revenue of AED 5.5 billion (USD 1.5 billion) compared to AED 5 billion (USD 1.37 billion) last year; an increase of 9.2% compared to the same period reported in last year’s results.

Reports a profit of AED 37.3 million (USD 10.1 million); the airline has continuously reported Full-Year profitability since 2012.

With up to 295 aircraft on order Flydubai becomes one of the world’s top ten airlines in terms of order backlog.  Represents the scale of the ambition planned for the airline.

Commenting on the announcement of the airline’s Full-Year Results for 2017, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, said: “the Results announced today demonstrate the key role that flydubai continues to play in the development of trade and tourism in the UAE.  2017 also saw flydubai place its third and largest aircraft order illustrating its contribution to Dubai as a centre of aviation and represents the scale of the ambition planned for the airline.”

His Highness Sheikh Ahmed bin Saeed Al Maktoum, said: “in its early stages, the partnership with Emirates has enjoyed a significant response from passengers who recognise the benefits of travelling around the world on a single ticket.  As the opportunities presented by the codeshare progress it will create new passenger flows going forward.”

Ghaith Al Ghaith, Chief Executive Officer of flydubai, commenting on the financial and operational performance of the airline, said: “the oil price continues to shape the business landscape and it remains a fine balance between fares, yields and passenger growth.  Despite the socio-economic environment we have seen across our network, we have record numbers of passengers travelling with us as well as sustained growth in our revenue.” 

Looking to the year ahead, Al Ghaith, added: “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.  We know how important aviation is to the business landscape and we remain confident about the road ahead.”

Arbind Kumar, Senior Vice President, Finance of flydubai, said: “our persistent and rigorous approach to cost management continues to ensure that the business remains robust to support our sustainable growth over the next few years.”

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Trusted Transguard to transport TRIGEM’s diamonds

Transguard, one of the UAE's security and logistics firm and, a division of the Emirates Group, has signed an agreement with TRIGEM DMCC, an independent diamond service company, to provide exactly that – secure transport services.

Flyadeal fleet circumnavigated the globe 599 times in 2019

Saudi Arabia’s low cost carrier and the Kingdom’s third-largest airline, with its fleet of 14 aircraft, Flyadeal, has travelled more than 24 million kilometres in 2019 – the equivalent of circumnavigating the globe approximately 599

Arabian Adventures MICE wins SITE Crystal Award

For the second time in three years, Arabian Adventures Meetings, Incentives & Events (MICE) has won the prestigious SITE Crystal Award for Excellence in Incentive Travel, Africa and the Middle East.

Emirates wins two awards at 2019 ULTRAS

Emirates has picked up ‘Best Airline in the World’ and ‘Best First Class’ at the prestigious 2019 ULTRAs. Voted by the hundreds of thousands of readers of The Telegraph’s luxury travel magazines Ultratravel UK and Ultratravel Middle

Gulf air welcomes new Bahraini aircraft maintenance technicians

Gulf Air has welcomed a new batch of 22 Bahraini aircraft maintenance technicians who have recently joined the airline and began their training programme. With this recruitment Gulf Air has reached 90% Bahrainisation in the position of

Pegasus launches routes from London Stansted and Helsinki

Turkey's Pegasus airline has added two new direct routes to Ankara and Antalya from London Stansted for UK passengers, as well as a 43rd country to its network with the launch of flights to Helsinki from Istanbul Sabiha Gokcen.

AVMENA20 SK1309100620
See us at
FIL20BT140124720MRO_BT161219260220AVAFA20BT2607050320SaudiAirshow21BT2011180221AIME BT0801260220AVMENA20 BT1309100620Sofex BT2611020420