Flydubai | Revenues & Passengers Increase, Losses Widen

DUBAI: Flydubai reported last week, a 9.9 per cent year-on-year rise in revenues and Dh142.5 million in losses for the first half of 2017,  with the figure widening from the Dh89.9 million in losses reported in the same half of 2016.The airline attributed losses to higher fuel costs and pressure on yields.

However, revenues reached Dh2.5 billion in the first half as an increase in passenger numbers gave a boost to revenues. Passenger numbers reached 5.4 million, up 10.5 per cent year-on-year.

“The demand for travel on flydubai remains strong, and the airline has seen its overall market share grow. These factors have, however, been offset by the price performance determined by the market,” the airline said in a statement.

Flydubai added, “The airline also faced comparatively higher fuel expenses during the reporting period, with fuel costs accounting for 24.8 per cent of operating costs compared to 23.5 per cent in the previous reporting period.

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