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Tags: ML | Emirates | Earns | FlyDubai

Budget Carrier FlyDubai Ends 2018 with $43.5M Loss

Wednesday, 20 February 2019 04:38 AM

DUBAI, United Arab Emirates (AP) — FlyDubai says revenues rose to $1.7 billion in 2018, but the company ended the year with a loss of $43.5 million.

In a statement Wednesday, Dubai's government-owned budget carrier blamed fuel costs, rising interest rates and "unfavorable currency exchange movements" for the loss. It had made $1.5 billion in revenue in 2017, earning a narrow profit of $10 million that year.

FlyDubai said it flew 11 million passengers last year, just slightly up from the 10.9 million it flew in 2017.

The low-cost carrier has operations out of both of Dubai's airports, including Dubai International Airport, which is ranked the world's busiest for international travel. FlyDubai also has code-share flights with Dubai's flagship long-haul carrier Emirates.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
FlyDubai says revenues rose to $1.7 billion in 2018, but the company ended the year with a loss of $43.5 million.In a statement Wednesday, Dubai's government-owned budget carrier blamed fuel costs, rising interest rates and "unfavorable currency exchange movements" for the...
ML,Emirates,Earns,FlyDubai
121
2019-38-20
Wednesday, 20 February 2019 04:38 AM
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