Flydubai sees profits and revenue increase
Flydubai said Wednesday its earnings and profits have increased, with revenue reaching 5.5b dirhams ($1.5b) in 2017 compared to 5b dirhams in 2016. Profits for the Dubai-based airline reached 37.3m dirhams last year, up from 31.6m dirhams the year before. However, flydubai's profits are still less than half the 100.7m dirham-mark recorded in 2015. The company said fuel costs represented a quarter of total operating costs in 2017. "The oil price continues to shape the businsess landscape and it remains a fine balance between fares, yields and passenger growth," said flydubai CEO Ghaith al-Ghaith. In its statement Wednesday, the airline said: "Although the operational climate has remained challenging, flydubai is cautiously optimistic about 2018." The company said it will launch 10 new routes in H1 2018 and take delivery of seven new aircraft this year.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-22/unaligned/flydubai-sees-profits-and-revenue-increase
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Flydubai sees profits and revenue increase
Flydubai said Wednesday its earnings and profits have increased, with revenue reaching 5.5b dirhams ($1.5b) in 2017 compared to 5b dirhams in 2016. Profits for the Dubai-based airline reached 37.3m dirhams last year, up from 31.6m dirhams the year before. However, flydubai's profits are still less than half the 100.7m dirham-mark recorded in 2015. The company said fuel costs represented a quarter of total operating costs in 2017. "The oil price continues to shape the businsess landscape and it remains a fine balance between fares, yields and passenger growth," said flydubai CEO Ghaith al-Ghaith. In its statement Wednesday, the airline said: "Although the operational climate has remained challenging, flydubai is cautiously optimistic about 2018." The company said it will launch 10 new routes in H1 2018 and take delivery of seven new aircraft this year.<br/>
