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flydubai's Network Matures with Increased Passenger Growth and Flight Frequency

Half-Year Results announced for 2016

  • Total revenue increased 5.4% for the six-month period 
  • Reports an increase in passenger numbers to 4.9 million; an increase of 16.5% compared to the same period in 2015
  • Operated 5,577 more flights in the first half of the year compared to the same period as last year; a 14.9% increase
  • 01 June 2016 marked flydubai’s 7th year of operation
flydubai has today announced its Half-Year Results for 2016 and has reported total revenue of AED 2,302 million (USD 627 million) an increase of 5.4% compared to the first six months of last year and a loss of AED 89.9 million (USD 24.5 million) 39% lower than the same period last year.

Passenger numbers have increased to 4.9 million demonstrating sustained strong growth; an increase of 16.5% compared to the first six months of 2015. The number of Business Class passengers carried, per departure, saw an increase of 19% compared to same period last year.

In the first half of its financial year, flydubai has seen an increase in the flight frequency to existing destinations on its network including Bahrain, Baku, Belgrade, Bucharest, Muscat and Salalah as it grows the demand for travel and passengers recognise the benefits of direct air links.

Ghaith Al Ghaith, Chief Executive Officer of flydubai, commenting on the Half-Year Results for 2016, said: “flydubai’s network continues to mature offering our passengers enhanced connectivity as we meet the growing demand for travel in the region. Looking ahead to the second half of the year, we have started to receive the first deliveries from the order for 111 aircraft placed in 2013 with a total of 8 aircraft scheduled to join our fleet between May and December.”

Reflecting on the tragic loss of FZ981, Ghaith Al Ghaith, said: “Saturday 19 March brought news you never hope to hear and all those who lost loved ones remain upper most in our thoughts. Our Long Term Family Assistance Team remain available to all families for as long as they require.”

Mukesh Sodani, Chief Financial Officer of flydubai, said: “We have seen continued pressure on yields due to the uncertain international economic situation set against a backdrop of lower oil prices and adverse currency exchange rates.  We maintain a sharp focus on cost improvement while pursuing our broader goal of expanding our network and our service offering.”

Lower fuel prices, together with a reduction in its hedging position from 41% last year to 22% this year, saw fuel account for 23.5% of total operating cost down from 30.6% last year.

In the first half of 2016, flydubai’s average fleet age was 3.7 years.  During the same period, flydubai has issued three Sale and Leaseback mandates for a total of eight Next-Generation Boeing 737-800 aircraft.  One aircraft joined the flydubai fleet in May and a second in June. The closing cash and cash equivalents position, including pre-delivery payments for future aircraft deliveries, remained robust at AED 2.4 billion.

Outlook – July to December 2016

flydubai has received positive feedback from its passengers about its services from Al Maktoum International (DWC) which provides further opportunities for growth in 2017 beyond the services it is already operating.

The six aircraft deliveries planned during the second half of 2016 will enable 77 flights per week to be added to services from Dubai International to Almaty, Asmara, Astana, Bahrain, Bangkok, Bishkek, Bratislava, Colombo, Dar es Salaam, Entebbe, Erbil, Kiev, Male’, Moscow, Odessa, Prague, Tbilisi, Yerevan, Yekaterinburg and Zanzibar. Flights from DWC to Kathmandu will increase to 14 per week from 10 October.

Ghaith Al Ghaith, commenting on the outlook for the remainder of the financial year, said: “Our Results have shown the same trend as last year and we expect a stronger second half.  From our robust platform, we will continue to drive sustainable growth and operational performance to meet the demand for affordable travel from our passengers. Supported by the new aircraft deliveries, we will expand our convenient services across our network and see the start of double daily flights to Bangkok.” 

About flydubai

From its home in Dubai, flydubai has created a network of more than 85 destinations and over the next decade the airline will see its fleet grow by up to 296 aircraft. Since commencing operations in June 2009, flydubai has been committed to removing barriers to travel, creating free flows of trade and tourism and enhancing connectivity between different cultures across its ever-expanding network.

flydubai has marked its journey with a number of milestones that represent the scale of the ambition planned for the airline:

  • An expanding network: Created a network of more than 85 destinations in 45 countries across Africa, Central Asia, the Caucasus, Central and South-East Europe, the GCC and the Middle East, and the Indian Subcontinent.
  • Serving underserved markets: Opened up more than 71 new routes that did not previously have direct air links to Dubai or were not served by a UAE national carrier from Dubai.
  • An efficient single fleet-type: Operates a single fleet-type of 58 aircraft including Boeing 737 MAX 8 and Next-Generation Boeing 737-800 aircraft.
  • Record-breaking orders: Placed the largest single-aisle aircraft orders in the region at the 2013 and 2017 editions of the Dubai Airshow.
  • Enhancing connectivity: Carried more than 60 million passengers since it began operations in 2009.

For all our latest news, please visit the flydubai Newsroom.

flydubai
Dubai Aviation Corporation, trading as “flydubai”,
Dubai International Airport,
PO Box 353,
Dubai,
UAE

For enquiries relating to your booking, please call the Contact Centre on +971 600 544 445

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