Flydubai has announced losses of AED142.5 million ($38.8 million) for the first half of 2017, despite revenues of AED2.5 billion, an increase of 9.9 percent compared to the first six months of last year.
The carrier's figures for the year were buoyed by growing passenger numbers. Dubai's low cost carrier ferried 5.4 million passengers between January and June, an increase of 10.5 percent compared to the first six months of 2016, and accounting for 12.4 percent of all traffic in Dubai.
Ghaith Al Ghaith, CEO of flydubai, said: “The demand for travel from the growing number of our passengers remains strong. We will however continue to manage our cost performance and balance this with our long-term view of the potential for air travel in the region. We know that we need to remain flexible to the market dynamics across our network. We will continue our disciplined approach to increasing capacity whilst pursuing our broader goal of firmly establishing flydubai at the centre of the global travel industry.