The airline flydubai turnover rose by 9.9% yoy to 689 billion USD (2.5 billion AED) in January-June 2017. The airline also reported a loss of 38.8 million USD. As experience shows, the trend for the second half of the year is more favorable than the first half.
The passenger traffic grew by 10.5% compared to the first half of 2016 and amounted to 5.4 million people. The number of passengers on the flight for the same period increased by 13.7%. The growth in passenger traffic reflects the quality of the flydubai route network, which covers markets where air traffic with Dubai has not been developed enough. The number of business-class passengers on the flight increased by 22% compared to the same period last year.
“The airline flydubai accounted for 19.4% of the total passenger traffic growth in Dubai airports compared to the first half of 2016. In the total passenger traffic of Dubai airports in the first six months of 2017, the share of flydubai was 12.4% .The demand for travel with flydubai remains stable, which allowed the airline to increase its market share, which, however, was offset by the costs dictated by the market conditions, and in this reporting period the airline faced relatively high fuel prices, accounting for 24.8% of all operating governmental costs in comparison with 23.5% in the previous reporting period. In addition, the fleet was increased by 8 aircraft from July 2016”, indicated the statement of the airline.
The balance of cash and cash equivalents, including deposits for future aircraft deliveries, remained at a stable level of 2.1 billion AED of the UAE.
“The number of our passengers is growing, and the demand for travel remains stably high. At the same time, we will continue to increase cost-effectiveness, but we will also follow our long-term vision of the great potential of the air transportation market in our region. We understand that when responding to market changes, it is necessary to maintain flexibility. We will continue to show a balanced approach with increasing traffic volumes, following the main goal – to take flydubai to the leading positions in the global tourism industry”, said the Chief Executive Officer of flydubai, Ghaith Al Ghaith.
Dubai Aviation Corporation, also known as its commercial brand flydubai, is a government-owned low-cost airline with its head office and flight operations in Terminal 2 of Dubai International Airport. The airline operates between a total of 95 destinations, serving the Middle East, Africa, Asia and Europe from Dubai.
