The best financial performance of “flydubai” in the first quarter since its inception

Dubai: Anwar Daoud

Ghaith Al Ghaith, CEO of flydubai, revealed that the airline recorded an outstanding performance in the first quarter of this year, which may be the best financial performance for the first quarter since the launch of the airline, in light of demand in increase for travel. and the carrier’s strong operational performance, thanks to the effective management of its operations.Transporter, which included expanding destinations, adding new flights and adding aircraft to the fleet.

In a statement to reporters on the sidelines of the Arabian Travel Market 2022, the CEO of “Fly Dubai” said that the airline will receive 22 new aircraft during 2022, noting that it has already received 4 of them and 18 new aircraft remain for to be done. delivered during the year.

Al-Ghaith expected the airline fleet to grow to more than 70 Boeing aircraft by the end of this year, to grow to more than 80 by the end of next year, while he expected fleet size to reach more more than 100 aircraft in the next year. several years, with plans for deliveries of aircraft orders. .

He said flydubai had surpassed pre-pandemic figures over the past year, stressing that the management of the Covid-19 crisis in the UAE was extraordinary, which strengthened the recovery process and put it back into operation.

He added that the airline has returned to service 14 Boeing Max aircraft, in addition to having received 11 new aircraft and we have launched 3 aircraft. Al-Ghaith ruled out the presence of an airline in the world that was able to return to its operations, as did “Fly Dubai”, due to Dubai’s position.

He noted that the company will record a strong performance during 2022, with strong bookings over the summer, as the company currently operates 1,500 flights a week, exceeding pre-pandemic levels.

He stressed that flydubai is working to recruit new staff to serve the new airline extensions and to adapt to the demand and growth witnessed by the airline, stressing that the number of new hires is the highest over the years .

oil prices

On the impact of oil growth, Al-Ghaith said the tanker would have performed better than this strong performance had it not been for the increase in fuel prices, adding that high travel demand and lack of supply contributed to the smoothing of the effects of high oil prices.

He explained that the company will operate its flights to ten unique destinations from June 23, while the carrier added about 22 new destinations over the past year.

“We are excited to see our network reach new heights with more destinations coming together this summer,” Al Ghaith said. “In recent years, we have seen the importance and value of these seasonal destinations to meet the growing demand for Our strong business model and growing fleet have enabled us to offer our passengers more travel options in addition to capacity building at existing destinations including Budapest, Maldives and Zanzibar. these beautiful destinations, which will be very popular with travelers from the UAE and throughout our network.

He clarified that the airline has had a high flexibility in obtaining financing for new aircraft, due to the liquidity available in the market, despite the high interest rates, as it has reached a lower borrowing cost than before.

Transportation

In response to a question about cargo operations, Al Ghaith said flydubai has a study to create a separate section for cargo operations and said the company is expected to receive cargo planes in this regard, especially with the difficulty of converting passenger aircraft. refer to retirement on cargo planes due to the waiting period of the transfer process.

He added that the growth prospects for “Fly Dubai” are promising, due to the success of the exit from “Covid-19” in addition to the effects of “Expo 2020 Dubai”, explaining that the partnership between “Fly Dubai” and Emirates Airlines is fruitful and strong, as we saw figures between the two carriers.convergence of parapandemic levels.

He explained that the demand for and from Dubai depends on the state of the international markets and the demand for travel to and from them, and stressed that the demand for Dubai is very strong.

The new flights include resumption of flights to seasonal summer destinations popular with travelers such as Bodrum, Mykonos, Santorini and Tivat.

Since the beginning of 2022, flydubai has launched flights to six new destinations, including Al-Ula, its final destination in the Kingdom of Saudi Arabia, as well as the resumption of flights to its second stop in Istanbul, Airport Sabiha Gokcen. The airline network has also grown to 100 destinations with the start of flights to ten additional destinations, especially seasonal summer destinations.

flydubai has expanded its network in Central and Eastern Europe in recent years to more than twenty destinations, including popular destinations such as Belgrade, Budapest, Ljubljana, Prague, Naples, Sarajevo, Salzburg and Warsaw. During the summer, the carrier network in Europe will grow even more with the start of flights to Dubrovnik, Mykonos, Pisa, Santorini, Tivat and others.

More markets

Jehun Effendi, Senior Vice President, Commercial Operations and E-Commerce at flydubai, said: “We have seen an increase in demand from destinations where we are working in Europe, which has enabled us to add more flights to regular destinations like Budapest. Catania and Salzburg. We will remain committed to connecting more unresolved markets with the UAE and providing a reliable and comfortable travel experience for our passengers. Our advanced on-board services and products, which include Business Class flatbed seats and a more comfortable economy class seat, mean that more people will enjoy the great value we offer for these tourist destinations. most attractive in the region this summer. ”

Since its inception in 2018, flydubai Holidays portal has become a single store for customers to browse and book their vacation packages, including flights and hotels with the option of additional services and integrated packages. Flydubai Holidays now offers affordable packages from 50 markets across the flydubai network and over 10,000 hotels to choose from. Flydubai passengers will be able to take advantage of competitive flydubai vacation packages for their summer travel plans.

Leave a Comment