United Arab Emirates’ (UAE) budget carrier, Flydubai, earned in 2015 a net profit of 27.4 million U.S. dollars, down from 68.11 million dollars the previous year, the carrier said in an e-mailed statement.
Flydubai, the UAE’s second budget carrier, added that, the overall yield, with respect to revenue passenger, was pressured by the strong dollar, challenging market environment, across the network and disruption from flight suspension on some established routes, among other factors.
In Jan, 2015, Flydubai suspended services to Baghdad for almost a week following a shooting incident there.
In addition, passenger numbers between Russia and Dubai decreased by 22 percent, reflecting the current economic situation in the Eurasian country.
Flydubai added 18 new destinations to its network last year, as lower oil prices increased business for established carriers.
The carrier expanded operations amid lower fuel costs, which drove airline ticket prices down, making flying with conventional carriers more attractive.
