Flydubai reports USD8.6m profit in 2016

Flydubai revenue up 2% - financial highlights for 2016:

• Revenue: AED5000 million (USD1361 million), +2.4% year-on-year;
• Profit: AED31.6 million (USD8.6 million),
• Passengers: 10.4 million, +14.4%;
• Cash and cash equivalents: AED2300 million (USD626.1 million). [more - original PR]

*Based on the average conversion rate at AED1 - USD0.272198

Flydubai: "We will remain prudent throughout 2017 as we will continue to operate in a challenging socioeconomic environment. Yields will remain under pressure and we expect to report flat growth in the year ahead," Ghaith Al Ghaith, CEO. Source: Company statement, 01-Feb-2017.