DUBAI: Budget carrier flydubai says its earnings and profits have increased, with revenue reaching 5.5 billion dirhams ($1.5 billion) in 2017 compared to 5 billion dirhams ($1.37 billion) in 2016.
Profits for the Dubai-based airline reached 37.3 million dirhams ($10 million) last year, up from 31.6 million dirhams ($8.6 million) the year before. However, flydubai’s profits are still less than half the 100.7 million dirham-mark ($27.4 million) recorded in 2015.
The company said Wednesday fuel costs represented a quarter of total operating costs in 2017.
The carrier is aggressively expanding its fleet and passenger numbers, carrying 10.9 million passengers— a record number for the airline— last year.
State-owned flydubai has operations out of both of Dubai’s airports, including Dubai International Airport, which is ranked the world’s busiest for international travel.
Budget carrier flydubai sees profits and revenue increase
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