Flydubai's loss widens in first half of 2018 on rising fuel costs - The National

Flydubai's loss widens in first half of 2018 on rising fuel costs - The National:

Dubai-based low-cost carrier flydubai widened its first half loss to Dh316.8 million compared with the same period last year, as rising oil prices increased fuel costs for the airline.

Flydubai reported a price impact of Dh175m in the first half of this year due to a 35 per cent increase in the average Brent crude oil price compared to the same period last year, it said in a statement on Wednesday.

The airline’s loss widened from the Dh142.5m reported for the six months of 2017. Total revenue for the period increased 10.4 per cent to Dh2.8 billion from a year earlier, flydubai said.