UAE's flydubai reports first ever profit

Low cost carrier posts US$41m profit on back of increase in passenger numbers
By Shane McGinley
Wed 13 Feb 2013 02:43 PM

UAE low cost carrier flydubai reported its first profit in 2012 and is planning to boost its growth this year by adding six new aircraft to its 50-strong fleet, it was announced on Wednesday.

Total revenue at the Dubai-government owned carrier, set up in 2009, was AED2.778bn (US$756m). Net profit for the year was AED151.9m.

The no frills airline carried 5.1m passengers in 2012. While passenger numbers across the GCC network rose 63 percent, the Commonwealth of Independent States (CIS) saw a strong growth in traffic, rising 72 percent last year.

Among the nine new destinations launched in 2012 were Baghdad, Bucharest, Sana’a in Yemen and Taif in Saudi Arabia.

The company plans to boost its growth next year by adding six new aircraft to its fleet of 28 aircraft.

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