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flydubai profitable within third year of operation

14-Feb-2013 2:43 PM

flydubai reported (13-Feb-2013) it achieved profitability within three years of operation in 2012. Details of financial highlights are as follows:

  • Revenue: AED2778 million (USD756 million);
  • Net profit: AED151.9 million (USD41.4 million);
  • Passenger numbers: 5.1 million;
  • GCC: +63%;
  • CIS: +72%. [more - original]

flydubai: "With projections for strong GDP growth in the UAE, Dubai’s position as the centre for aviation, trade and tourism in the Middle East and the Government’s continued investment in the quality of Dubai’s airports and airlines; flydubai is confident that the outlook is promising for 2013 and beyond." Source: Company statement, 13-Feb-2013.