flydubai reports H1 revenue boost
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flydubai on Thursday announced total revenue of AED2,302 million ($627 million) for the first half of 2016, a 5.4% increase compared to the same period last year.
The low-cost airline also reported that losses of AED89.9 million were 39% lower than H1 2015.
The carrier said passenger numbers increased to 4.9 million, an increase of 16.5% while the number of Business Class passengers carried, per departure, surged 19%.
In the first half of its financial year, flydubai has boosted flight frequencies to existing destinations on its network including Bahrain, Baku, Belgrade, Bucharest, Muscat and Salalah.
“flydubai’s network continues to mature offering our passengers enhanced connectivity as we meet the growing demand for travel in the region,” said flydubai CEO Ghaith Al Ghaith.
“Looking ahead to the second half of the year, we have started to receive the first deliveries from the 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 FZ981, Ghaith Al Ghaith, added: “Saturday 19 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 require.”
flydubai has received positive passenger feedback about its services from Al Maktoum International (DWC), which the airline said provides further opportunities for growth in 2017.
The six 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 DWC to Kathmandu will increase to 14 per week from 10 October.
Commenting on the outlook for the remainder of the financial year, Ghaith Al Ghaith said: “Our Results have shown the same trend as last year and we expect a stronger second half. From our robust platform, we will continue to drive sustainable growth and operational performance to meet the demand for affordable travel from our passengers. 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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