FlyDubai ends 2018 with US$43.5m loss
FlyDubai said Wednesday its revenues increased to US$1.7b in 2018, though the airline ended the year with a loss of $43.5m. The airline blamed fuel costs, rising interest rates and "unfavorable currency exchange movements" for the loss. It had made $1.5b in revenue in 2017, earning a narrow profit of $10m that year. "In line with expectations, 2018 was a challenging year, however we have continued to invest in our capacity and increased revenue," FlyDubai CE Ghaith al-Ghaith said. FlyDubai, which now has a code-share deal and tighter relationship with Emirates, flew 11m passengers last year, just slightly up from the 10.9m it flew in 2017. It has a fleet of single-aisle Boeing 737 Max aircraft and struck a deal with Boeing in Nov 2017 to purchase 225 Boeing 737 MAX 10 aircraft. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-21/unaligned/flydubai-ends-2018-with-us-43-5m-loss
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FlyDubai ends 2018 with US$43.5m loss
FlyDubai said Wednesday its revenues increased to US$1.7b in 2018, though the airline ended the year with a loss of $43.5m. The airline blamed fuel costs, rising interest rates and "unfavorable currency exchange movements" for the loss. It had made $1.5b in revenue in 2017, earning a narrow profit of $10m that year. "In line with expectations, 2018 was a challenging year, however we have continued to invest in our capacity and increased revenue," FlyDubai CE Ghaith al-Ghaith said. FlyDubai, which now has a code-share deal and tighter relationship with Emirates, flew 11m passengers last year, just slightly up from the 10.9m it flew in 2017. It has a fleet of single-aisle Boeing 737 Max aircraft and struck a deal with Boeing in Nov 2017 to purchase 225 Boeing 737 MAX 10 aircraft. <br/>
