Flydubai profit falls nearly 60% to Dh100.7m | GulfNews.com

Flydubai profit falls nearly 60% to Dh100.7m | GulfNews.com:

"Flydubai reported on Wednesday a 59.7 per cent drop in full-year profit for 2015, blaming a strong dollar and a challenging trading environment across its network.

The airline made Dh100.7 million ($27.4 million) in the 12 months to December 31, 2015 down from a Dh250 million profit in the previous year. Revenue increased 11 per cent to Dh4.9 billion ($1.33 billion), up from Dh4.47 billion in 2014.

Flydubai said its yield was put under pressure by “the strong dollar; the challenging trading environment across the network; disruption resulting from the suspension of flights on some established routes and a large number of recently launched routes with a lead time required to reach maturity.”"



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