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Flydubai reports USD38.7mln net loss in H1
(MENAFN) Emirati flydubai had reported its H1 results, indicating a loss of USD38.7mln (DH 142.5mln) for the first six months of the year, although revenues and passengers numbers are showing increases.
The low-cost carrier reported loss of USD24.2mln (DH89.9mln) during H1, while revenue grew to USD680.4mln (Dh2.5bln), higher by 9.9% comparing to the same period of previous year.
However, passengers' numbers are increasing to 5.4 million passengers, higher than previous year by 10.5%, and the number of passengers' carrier per departure rose 13.7%.
Overall, flydubai is contributing in the total growth at Dubai Airports by 19.4% comparing to H1 of 2016.
The low-cost carrier reported loss of USD24.2mln (DH89.9mln) during H1, while revenue grew to USD680.4mln (Dh2.5bln), higher by 9.9% comparing to the same period of previous year.
However, passengers' numbers are increasing to 5.4 million passengers, higher than previous year by 10.5%, and the number of passengers' carrier per departure rose 13.7%.
Overall, flydubai is contributing in the total growth at Dubai Airports by 19.4% comparing to H1 of 2016.
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