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Wednesday, 1 February 2017

Flydubai 2016 profits drop 68% following tough year | GulfNews.com

Flydubai 2016 profits drop 68% following tough year | GulfNews.com:

"Low-cost carrier flydubai saw its net profit in 2016 dive 68 per cent following a difficult year that saw the crash in March of Flight 981, killing all 62 on-board. Flydubai said in a statement on Wednesday that its net profit fell to Dh31.6 million in 2016, from Dh100.7 million in the previous year. This is despite posting a 2.4 per cent increase in total revenue — from Dh4.9 billion in 2015 to Dh5 billion in 2016, Passenger numbers, meanwhile, grew to a “record level” of 10.4 million travellers in 2016, the carrier stated, marking 14.4 per cent growth over the previous year."



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