Tags: ML | Dubai | Earns | FlyDubai

FlyDubai Profit Drops Sharply in Year of Deadly Accident

Wednesday, 01 February 2017 10:49 AM

DUBAI, United Arab Emirates (AP) — Discount airline FlyDubai says its profit tumbled by 69 percent last year despite a rise in sales fueled by its growing operations.

The Dubai-based airline said on Wednesday that it earned 31.6 million dirhams ($8.6 million) last year, compared with 100.7 million dirhams in 2015. Revenue increased just over 2 percent, to $5 billion.

FlyDubai is still recovering from its worst accident in March 2016, when a 737-800 crashed in the Russian city of Rostov-on-Don, killing all 62 people on board.

The carrier says passenger numbers rose more than 14 percent, to 10.4 million last year as it expanded its fleet to 57 planes.

But CEO Ghaith al-Ghaith says the airline continues to face a "difficult pricing and operating environment."

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
MiddleEast
Discount airline FlyDubai says its profit tumbled by 69 percent last year despite a rise in sales fueled by its growing operations.The Dubai-based airline said on Wednesday that it earned 31.6 million dirhams ($8.6 million) last year, compared with 100.7 million dirhams in...
ML,Dubai,Earns,FlyDubai
125
2017-49-01
Wednesday, 01 February 2017 10:49 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved