Dubai low-cost carrier flydubai's first half loss widened to Dh316.8 million compared with the same period last year, as rising oil prices increased fuel costs for the airline.
Flydubai reported a price impact of Dh175m in the first half of this year due to a 35 per cent increase in the average Brent crude oil price compared to the same period last year, it said in a statement on Wednesday.
The airline’s loss rose from the Dh142.5m reported for the six months of 2017. Total revenue for the period increased 10.4 per cent to Dh2.8 billion from a year earlier, flydubai said.
“We have continued to see a tough trading environment and the half-year results reflect these short-term challenges,” said Ghaith Al Ghaith, chief executive of flydubai. “We continue, however, to invest in our fleet, network and operations recognising opportunity as we look to the future.”
