flydubai records profit of AED 250 m for 2014

flydubai carving a niche
flydubai carving a niche

The recent financial results posted by flydubai state that the airline announced a net profit of AED250 million (US$ 68 m) an increase of 12.3% compared to 2013.

This was with total revenue of AED4.4 billion (US$ 1.2 bn) for the period ending 31 December.

HH Sheikh Ahmed Bin Saeed Al Maktoum, chairman of flydubai said: “We have long recognised the importance of aviation to our economic growth.“

Elaborating further Ghaith Al Ghaith, chief executive officer of flydubai said: “The continued investment in our people and operations has strengthened our business and ensures that we are well positioned for sustained growth in the future.   It is good to see that more passengers than ever before are travelling with us.”

Passenger numbers showed a growth with 7.25 m passengers in 2014 and the airline has carried 24.3 m since it launched its operations. It saw an increase in passenger numbers between 2013 and 2014 in Africa (14%), Central Asia (57%), Europe (11%) and the Subcontinent (11%).

In terms of cost performance, total revenue and operating income increased by 19.1% to AED 4.4 bn (US$ 1.2 bn) with a capacity increase (ASKM) of 9.3%.

Ghaith Al Ghaith concluding said: “We will end 2015 with a fleet of 50 aircraft. Together with the new route launches this is an endorsement of the strategy we set out at the beginning and underlines achievements of the past six years.”

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