Flydubai CE expects difficult 2016
Flydubai's CE expects another difficult year for the carrier as tough economic conditions put pressure on yields. The airline this month reported a 60% drop in 2015 net profit to AED100.7m, blaming a stronger US dollar and tough market conditions. These factors pressured its overall yield and this is expected to continue in 2016. "This is going to be a difficult year because of the overall economic outlook - there might be challenges with yield," said Ghaith al-Ghaith Thursday. The UAE dirham is pegged to the US dollar, which has been trading recently at multi-year highs against a number of currencies, this strengthening makes tickets booked in other currencies comparatively more expensive. Ghaith said the carrier was trying to boost traffic from its Dubai hub to CIS countries, even if there was less inbound traffic from those countries. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-19/unaligned/flydubai-ce-expects-difficult-2016
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Flydubai CE expects difficult 2016
Flydubai's CE expects another difficult year for the carrier as tough economic conditions put pressure on yields. The airline this month reported a 60% drop in 2015 net profit to AED100.7m, blaming a stronger US dollar and tough market conditions. These factors pressured its overall yield and this is expected to continue in 2016. "This is going to be a difficult year because of the overall economic outlook - there might be challenges with yield," said Ghaith al-Ghaith Thursday. The UAE dirham is pegged to the US dollar, which has been trading recently at multi-year highs against a number of currencies, this strengthening makes tickets booked in other currencies comparatively more expensive. Ghaith said the carrier was trying to boost traffic from its Dubai hub to CIS countries, even if there was less inbound traffic from those countries. <br/>
