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flydubai Reveals AED2,302 Million Revenue In H1, 2016
(20 September 2016)

 

flydubai today announced its half-year results for 2016 and reported total revenue of AED 2,302 million (US$627 million), an increase of 5.4 percent compared to the same period last year.

A loss of AED89.9 million (US$24.5 million) was also reported which is 39 percent lower than H1 of the previous year.

During the period, passenger numbers grew to 4.9 million, an increase of 16.5 percent. The number of Business Class passengers carried per departure increased by 19 percent. The flight frequency to existing destinations on the network, including Bahrain, Baku, Belgrade, Bucharest, Muscat and Salalah, also increased.

Ghaith Al Ghaith, Chief Executive Officer of flydubai, said, "flydubai’s network continues to mature, offering our passengers enhanced connectivity as we meet the growing demand for travel in the region. Looking ahead to the second half of the year, we have started to receive the first deliveries of our order for 111 aircraft placed in 2013, with a total of 8 aircraft scheduled to join our fleet between May and December."

Reflecting on the tragic loss of flydubai flight FZ981 in Russia, Ghaith Al Ghaith, said, "Saturday, 19th March, brought news you never hope to hear and all those who lost loved ones remain upper-most in our thoughts. Our Long Term Family Assistance Team remain available to all families for as long as they are required."

flydubai’s average fleet age is 3.7 years. During H1, flydubai has issued three Sale and Leaseback mandates for a total of eight Next-Generation Boeing 737-800 aircraft. One aircraft joined the flydubai fleet in May and a second in June. The closing cash and cash equivalents position, including pre-delivery payments for future aircraft deliveries, remained robust at AED2.4 billion.

The aircraft deliveries planned during the second half of 2016 will enable 77 flights per week to be added to services from Dubai International to Almaty, Asmara, Astana, Bahrain, Bangkok, Bishkek, Bratislava, Colombo, Dar es Salaam, Entebbe, Erbil, Kiev, Male, Moscow, Odessa, Prague, Tbilisi, Yerevan, Yekaterinburg and Zanzibar. Flights from Dubai World Central to Kathmandu will increase to 14 per week from 10th October.

Mr. Al Ghaith, commenting on the outlook for the remainder of the financial year, said, "Supported by the new aircraft deliveries, we will expand our convenient services across our network and see the start of double daily flights to Bangkok."

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