flydubai reports AED 250m net profit for 2014

flydubai has announced its annual results for 2014 including a net profit of AED 250 million ($68 million), an increase of 12.3% compared with 2013, all based on total revenue of AED 4.4 billion ($1.2 billion) for the 12-month period, ending 31 December 2014.His Highness Sheikh Ahmed Bin Saeed Al Maktoum, chairman of flydubai, commented, “The UAE has firmly established itself as a centre of gravity for aviation. We have long recognised the importance of aviation to our economic growth. flydubai continues to make a key contribution to our economy in particular as a result of its strategy to open up previously underserved routes.”Commenting on the annual results, Sheilh Ahmed added, “Recording its profitability for the third consecutive full year, the 2014 results show that the recent order for more aircraft as well as investments in the offering on the ground and in the air have been the right strategy for the airline. flydubai’s role in the aviation sector is now being recognised beyond the region.”flydubai CEO Ghaith Al Ghaith added, “2014 saw flydubai open up a record number of new routes in what was a demanding year. To have achieved what we have achieved is significant. The continued investment in our people and operations has strengthened our business and ensures that we are well positioned for sustained growth in the future. It is good to see that more passengers than ever before are travelling with us.”flydubai carried 7.25 million passengers in 2014 and has carried 24.3 million since it launched its operations. It saw an increase in passenger numbers between 2013 and 2014 in Africa (14%), Central Asia (57%), Europe (11%) and the Indian Subcontinent (11%).As well as adding 23 new routes in 2014, creating a network of 86 destinations, flydubai also increased frequency on many of its existing routes. The airline now operates 1,400 flights per week. flydubai’s network in the GCC has 608 weekly flights across 16 points in the region.All aircraft delivered since August 2013 have been configured with Business Class. flydubai took delivery of eight new Boeing 737-800s and ended 2014 with a fleet of 43 aircraft. In October, it completed to schedule its rolling retrofit programme to configure the existing aircraft in its fleet with Business Class. The first seven aircraft it received between 2009 and 2010 were not part of the retrofit programme.flydubai also continued to strengthen its team increasing the number of staff to 2,883 including 571 pilots, 1,235 cabin crew and 221 engineers representing more than 111 nationalities across flydubai’s workforce.“The changing economic landscape not only makes demands on the business but also provides us with opportunities,” added Al Ghaith. “Achieving a balance as a result of the speed with which we are able to respond to the changing global economic environment is reflected in our operational performance as we are well set to create a network of more than 100 destinations.”

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