Category Archives: Flydubai

flydubai loses $194 million in 2020

flydubai has issued this financial report for 2020:

flydubai remains well positioned as a result of its agility and flexibility

Annual Results for 2020

  • flydubai on May 2, 2021, announced its Annual Results for the reporting period ending 31 December 2020
  • Reports a loss of AED 712.6 million (USD $194 million)
  • flydubai reports total annual revenue of AED 2.8 billion (USD $773 million) compared to AED 6.0 billion (USD $1.6 billion) in 2019; a decrease of 52.7%
  • During the course of the year, the airline completed two financing facilities amounting to AED 283 million (USD $77 million) for general corporate purposes
  • Carries 3.2 million passengers

Key factors impacting Full-Year Results for 2020: the COVID-19 pandemic and MAX aircraft

  • In the first two months of 2020 the business fundamentals continued to be strong
  • Over a 5-week period, the airline’s operations were severely impacted by the increased closure of international borders and the suspension of flights due to the COVID-19 pandemic
  • Navigating through the pandemic: severely curtailed flight operations for 14 weeks between 24 March and 07 July
  • Coupled with the effects of the pandemic, performance was also impacted by the 22-month grounding of the Boeing 737 MAX aircraft
  • This heavily impacted the financial performance from mid-March, continued into the second quarter and resulted in a loss of AED 545.2 million for the six-month period ending 30 June
  • The strategy defined at the start of the pandemic to develop alternative revenue sources and contain costs gained momentum during the third and fourth quarters minimizing the second half loss to AED 167.4 million
  • The government created a safe environment for tourism and this increased demand contributed to flydubai’s recovery in the second half of 2020. It is expected to continue in 2021

Statements on the 2020 Annual Results

Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on the effects of the COVID-19 pandemic on flydubai’s 2020 Annual Results, said: 

“The COVID-19 pandemic has impacted us more than any other crisis. We fully recognize that it is the priority of governments to ensure the health and wellbeing of its people. The effects of the travel restrictions that were put in place to safeguard against transmission of the virus have heavily impacted the aviation industry.”

Hamad Obaidalla, Chief Commercial Officer at flydubai, commenting on how flydubai adapted to the changing situation, said:

“During the course of last year, we adapted quickly to the changing situation and supported governments with their repatriation efforts helping them to make arrangements for their citizens to return home.  We were also conscious of our role to contribute to the easing of the strain on the supply chain. We enabled the movement of essential goods across our network dedicating 11 aircraft for cargo operations at the peak of the pandemic.  We redesigned our customer journey and launched our passenger partnership enabling travel in a safe environment.  We were ready to launch flights as soon as the airspace opened growing our network to 65 destinations by year end; a considerable achievement in a complex period for the airline industry.  We also achieved a seat factor of 73% in spite of these challenges.”

Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on the Boeing 737 MAX aircraft, said:

“The ongoing impact of the grounding of the MAX aircraft required our Engineering and Maintenance Team to put an active aircraft storage program in place. The resulting 18 hours of maintenance per aircraft each week placed additional demands on their already extensive workload.  We are grateful for their hard work and dedication which has ensured that the aircraft were meticulously preserved and ready to return to service in the best condition. The range and efficiency of the MAX aircraft would have been beneficial to exploring additional revenue opportunities during this challenging period.”

Note: flydubai put the Boeing 737 MAX back into service on April 8, 2021.

Francois Oberholzer, Chief Financial Officer at flydubai, commenting on the financial measures taken by the airline, said: 

“During a demanding year for the aviation industry, we optimized all possible revenue generating opportunities and we took early measures to control our costs and preserve liquidity.   We redoubled our efforts in cost improvement, deferred capital expenditure and raised new financing facilities.  The proactive steps we took at the start of the pandemic enabled the airline to end the year with cash assets, including pre-delivery payments, of AED 2.5 billion.”

Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on the 2020 Full-Year Results, said:

“The challenges we faced in 2020 meant that there were difficult decisions to be made. The priority however was to protect our employees. I fully recognize that in order to be able to achieve this our employees had to take periods of unpaid leave or work at reduced salary levels. I fully recognize that this created some hardship, but it has meant that we have been able to maintain employment levels.  I would also like to thank our financial partners, our lessors and suppliers for the understanding and support they have shown towards us.  We managed the combined effects of the pandemic and continued grounding of the MAX aircraft on our operations, but undoubtedly they have had a severe impact on our Results.”

Key performance and operational figures

Reporting period for

31 December 2020

Reporting period for

31 December 2019

Key performance figures for:
Total annual revenue AED 2.8 billion (USD 773 million) AED 6.0 billion (USD 1.6 billion)
Total annual loss for 2020

 

Total annual profit for 2019

(AED 712.6 million)

(USD 194 million)

 

AED 198.2 million

(USD 53.9 million)

Total cash assets including pre-delivery payments AED 2.5 billion AED 2.6 billion
RPKM (% growth) (63.4%) (11.4%)
ASKM (million)  9,594 25,415
Passenger numbers 3.2 million 9.6 million
Ancillary revenue

% of revenue comprising baggage, cargo and inflight sales

13.4% 8.9%
Fuel costs

% of total annual operating costs.

Reduction mainly due to the quantity consumed

14.6%  25.8 % 
Fleet size 51 59
Average aircraft age 5 years and 1 month 4 years and 4 months
Number of flights operated 27,450 73,233
Total number of destinations on the network 65 93
Total number of countries on the network 37 47
Total number of employees 3,796 3,922
Number of employees on unpaid or voluntary leave 1,092

Outlook statement for 2021

Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on the outlook for 2021, said:

“We have shown that flydubai is well placed to identify new opportunities and get up and running quickly by deploying our narrow-body aircraft.  We expect trading conditions to remain challenging and the business fundamentals remain strong. This is recognized by our shareholder and we are grateful for their continued confidence and commitment.”

“We would like to acknowledge the government’s response to the pandemic and the efforts that have been made to allow the travel and leisure sectors to reopen.  Precautionary safety measures are in place on board our aircraft, at the airport and at hotels to keep us all safe whilst allowing the industry to recover.”

“Through the efforts we are making across our customer journey and the launch of new destinations for the summer travel is possible and we are there to support our customers to realize their travel aspirations.”

flydubai destinations from Dubai:

A6-FNC

Above Copyright Photo: Flydubai Boeing 737-9 MAX 9 A6-FNC (msn 60983) BFI (Steve Bailey). Image: 944632.
flydubai aircraft slide show:

flydubai expands in Europe

flydubai has announced the start of flights to Malta and resumes flights to Catania from May 12, 2021 together with its operations to Naples from May 13, 2021.

The carrier also becomes the first UAE-based airline to offer direct flights to Salzburg from May 13, 2021.

 

The carrier has grown its network to more than 65 destinations as countries continue to gradually lift travel restrictions.

 

With the addition of Catania, Malta, Naples and Salzburg the carrier will operate flights to 20 destinations in Europe including Belgrade, Bucharest, Helsinki, Istanbul, Krakow, Prague and Sofia.

flydubai flights to Malta International Airport (MLA) and Catania International Airport (CTA) will begin on May 12, 2021 with four times weekly service, while flights to Naples International Airport (NAP) will resume from May 13, 2021 with a three times weekly service.

The carrier becomes the first UAE-based carrier to offer direct flights between Dubai International (DXB) and Salzburg Airport (SZG) from May 13, 2021 with a four weekly flights service.

 

flydubai has been steadily increasing its operations and has recently announced the start of flights to a number of destinations including Doha, Helsinki, Istanbul, Maldives and Prague, as well as new routes such as Grozny and Tel Aviv bringing its network to 66 destinations.

 

Video:

flydubai aircraft photo gallery:

flydubai aircraft slide show:

flydubai lands in Tel Aviv

flydubai made this announcement:

The first scheduled commercial flight operated by flydubai from Dubai International (DXB) landed at Tel Aviv Ben Gurion International Airport (TLV) on Thursday, November 26 to a water salute. The inaugural flight was flown by Captain Patrick Gonzenbach and Emirati First Officer, Abdulla Al Shamsi.

On board the aircraft was a delegation led by Ghaith Al Ghaith, Chief Executive Officer, flydubai. They were met on arrival by Israeli Prime Minister Benjamin Netanyahu, along with a delegation that included the CEO of Ben Gurion International Airport Shmuel Zakay and representatives from the aviation industry.

Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: “Today’s inaugural flight sees the air transport agreement realised.  The creation of these direct air links will support the development of commercial ventures across a number of sectors helping to drive success and prosperity.  We look forward to welcoming the first passengers from Israel as they come to explore the UAE.”

Jeyhun Efendi, Senior Vice President, Commercial Operations and E-commerce, said, “Since we announced the launch of operations to Tel Aviv we have seen strong demand for services from both Israel and the UAE.  We received our first bookings from both tourists and business travellers shortly after the schedule was published. There is opportunity to further grow our double daily service.”

Flight schedule and fares

Return Business Class fares start from DXB to TLV are 6,000 AED and Economy Class fares are 1,600 AED.

Return Business Class fares start from TLV to DXB are 1,600 USD and Economy Class fares are 360 USD.

Flight number Departure Airport Time of departure Arrival Airport Time of arrival
FZ  1163 DXB 09:40 TLV 11:35
FZ  1164 TLV 12:35 DXB 17:45
FZ 1627 DXB 22:00 TLV 23:55
FZ 1628 TLV 00:55 DXB 06:05

Video:

flydubai aircraft photo gallery:

Emirates and flydubai reactivate partnership offering seamless travel to over 100 unique destinations through Dubai

Emirates and flydubai have announced that customers of both airlines can once again access a wider range of travel options around the world, connecting seamlessly and safely through Dubai.

Following the progressive resumption of passenger flights to global destinations, the two Dubai-based airlines have revived their successful and strategic partnership to offer customers increased connectivity, convenience and travel flexibility. Emirates customers can now travel on codeshare flights to over 30 destinations on flydubai, while flydubai customers have over 70 destinations they can travel to on Emirates. Some of the favourite flydubai destinations for Emirates passengers include: Belgrade, Bucharest, Kyiv, Sofia and Zanzibar.

Commenting on the renewal of the partnership, Adnan Kazim, Emirates’ Chief Commercial Officer said: “We are delighted to announce that our customers can once again take advantage of the complementary strengths of Emirates and flydubai to access an enhanced network of cities on a single ticket and integrated loyalty programme, enjoy a safe, smooth and stress-free transfer experience through Dubai and have their baggage checked through to their final destination.

Emirates and flydubai will offer travel experiences reflecting their individual brands while keeping the health and safety of customers and employees on the ground and in air as their top priority. The two airlines have each implemented extensive safety measures to combat COVID-19 at every step of the customer’s journey including enhanced sanitisation of all touchpoints and advanced HEPA filters fitted in aircraft cabins to eliminate dust, allergens and germs from the cabin air.

Customers transiting through Dubai go through thermal screening at the airport. Transfer desks at Dubai airport have been fitted with protective anti-microbial screens and airport staff dressed in personal protective equipment (PPE) are available to provide additional assistance. Several of flydubai’s flights to destinations in Africa, Central Asia and Europe operate from Terminal 3 of Dubai International Airport, facilitating seamless connections to passengers travelling on Emirates’ flights to and from Dubai.

COVID-19 PCR tests are mandatory for all inbound and transit customers to Dubai further assuring a safe transfer experience through the airport for customers of Emirates and flydubai.

Customers boarding Emirates flights will also be provided with a complimentary hygiene kit containing masks, gloves, hand sanitiser and anti-bacterial wipes.

flydubai continues to support governments and authorities with their repatriation efforts

Flydubai has made this announcement:

Dubai-based flydubai continues to support governments and authorities across its network with their repatriation efforts helping them to make arrangements for their citizens to return home.

The carrier has operated 23 repatriation flights carrying more than 2,800 passengers from the UAE between March 19 and April 8, 2020. These repatriation flights operated to Afghanistan, Croatia, Egypt, Iran, Russia, Sudan, Somaliland and Thailand with the approval of the General Civil Aviation Authority (GCAA), the Civil Aviation Authorities of the respective countries as well as the Ministries of Foreign Affairs.

Operating from Terminal 2 at Dubai International (DXB) these flights carried only passengers outbound from the UAE, while Nationals of the UAE were able to travel on the return sector. flydubai transported essential goods in the belly-hold of its passenger aircraft in both directions, supporting trade and the transport of medical supplies across its network during these unprecedented times.

Hamad Obaidalla, Chief Commercial Officer of flydubai, said: “we acknowledge the challenges we are all facing in dealing with this pandemic and the impact it will have not only on our industry, but also on our livelihood and how we do things moving forward. We choose to remain focused on how we can contribute to easing the strain, enabling the movement of essential goods to where they are needed and bringing people back home where possible. We remain committed to supporting requests from governments to operate repatriation flights for their citizens. We look forward to resuming our operations when the time is right and we are working closely with the authorities. The safety of our passengers and everyone at flydubai will always be our priority.”

The carrier will operate up to ten more repatriation flights over the next week and continues to coordinate closely with the authorities on bringing UAE Nationals home free of charge.

flydubai is following the directives issued by the World Health Organization (WHO) and the local health authorities. The airline has a thorough enhanced cleaning and disinfection process in place for all its aircraft. flydubai will continue to work closely with its strategic partners to ensure that all safety measures are in place and in line with international standards.

Video:

Flydubai aircraft photo gallery:

flydubai touches down in Krabi

flydubai’s inaugural flight has touched down in Krabi in Thailand, becoming the first UAE-based airline to offer flights to the popular holiday destination. The daily flights are operated via a short stop in Yangon, Myanmar and are codeshared with Emirates.

On board the inaugural flight was a senior delegation led by Sudhir Sreedharan, Senior Vice President, Commercial Operations (UAE, GCC, Subcontinent and Africa) at flydubai. Upon arrival, the aircraft was greeted by Somkuan Khanngern, the Vice Governer of Krabi, Attaporn Nuang-udom, the Director of Krabi Airport, Uthit Limsakul Director of Tourism Authority of Thailand (TAT) Krabi Office and Pichaya Saisaengchan, Director of Tourism Authority of Thailand (TAT), Dubai and Middle East Office.

flydubai has become the first carrier in the UAE to operate flights to Krabi and with the new daily service from the UAE, the GCC and those connecting from Europe and the USA on the Emirates network now have more options to explore Asia and the Far East. Passengers from Thailand have more opportunities to benefit from direct flights to Dubai and beyond.

Krabi is a popular holiday destination for beach goers and adventures alike. While limestone cliffs, dense mangrove forests and the famous Phi Phi Island will amaze nature enthusiasts, Krabi also offers activities like diving, hiking or exploring the Huay Toh Waterfall in Phanom Bencha National Park.

Photos by the airline.

flydubai becomes first operator of Next-Generation Boeing 737-800 Split Scimitar winglets in the Middle East

Aviation Partners Boeing (APB) announced today that Dubai-based flydubai is the first operator in the Middle East of its latest Split Scimitar Winglet technology.

flydubai completed the first installation of the Split Scimitar Winglets on one of its Next-Generation Boeing 737-800 aircraft late last month at Joramco in Amman, Jordan.  flydubai intends to install the Split Scimitar Winglets on a majority of its Next-Generation Boeing 737-800 aircraft by October 2020.

Aviation Partners’ latest Winglet design, the Split Scimitar Winglet, uses existing Blended Winglet technology but adds new aerodynamic Scimitar tips and a large ventral strake, further increasing the efficiency of the airplane.

Image: APB.

flydubai to launch flights to Sochi in Russia

Flydubai Boeing 737-8KN WL A6-FDK (msn 40238) DXB (Paul Denton). Image: 934741.

flydubai on April 23 announced the start of flights to Sochi, Russia. Flights between Dubai and Sochi will operate twice a week, on Mondays and Fridays, starting from June 7, 2019. flydubai will be the first carrier to offer direct flights on this route from the UAE and the GCC.

flydubai has been operating to the Russian market since 2010 and offers passengers from the UAE and the combined flydubai and Emirates network, easier access to Moscow and other major Russian cities like Yekaterinburg.

Sochi (above) is one of the major touristic hubs in Russia located on the Black Sea, popular for its beaches, forests and Caucasus Mountains, as well as for hosting the 2014 Winter Olympics and being home to some of the best facilities for winter sports. Earlier this year, authorities of the UAE and the Russian Federation announced a visa-free regime between the countries for the respective passport holders for the first 90 days upon the arrival.

Emirates will codeshare on this route and for bookings under the codeshare Emirates passengers will receive complimentary meals and the Emirates checked baggage allowance on flights operated by flydubai in Business and Economy class.  The partnership between flydubai and Emirates announced in 2017 has expanded to meet increasing demand as passengers realise the benefits, such as access to an expanded global network, the convenience of travelling on a single ticket with seamless point to point baggage handling, the alignment of the frequent flyer programme and a smooth transfer during transit in Dubai.

flydubai operates flights to over 90 destinations in 47 countries, including popular routes among Russian travellers, such as Dubai (UAE), Kathmandu (Nepal) and Zanzibar (Tanzania).

Flight Details

flydubai will operate flights FZ985/986 between Dubai International Terminal 2 (DXB) and Sochi International Airport on Mondays and Fridays.

Flight Number Route Departure Time Arrival Time
FZ985/ EK2286 DXB-AER 0:55 3:50
FZ986/ EK2287 AER-DXB 5:10 10:00

Previously in March, flydubai inaugurated its new service from Dubai to Tashkent becoming the first carrier based in the UAE to offer direct flights to Uzbekistan.  The inaugural flight departed on March 11 from Terminal 3, Dubai International (DXB) and was welcomed on arrival at Tashkent International Airport (TAS).

Top Copyright Photo (all others by the airline): Flydubai Boeing 737-8KN WL A6-FDK (msn 40238) DXB (Paul Denton). Image: 934741.

flydubai aircraft slide show:

Route Map:

Flydubai grounds its Boeing 737 MAX fleet

Flydubai made this announcement on social media:

Our teams are working hard to minimise disruption to your travel plans following the grounding our Boeing 737 MAX 8 and MAX 9 aircraft. Some of our flights over the next few days have been cancelled – if your booking is affected we will contact you directly. If you don’t hear from us your flight will be operating to schedule by our Next-Generation Boeing 737-800 aircraft.

Flydubai's second Boeing 737 MAX 8

Above Copyright Photo: Flydubai Boeing 737-8 MAX 8 A6-FMA (msn 60965) BFI (James Helbock). Image: 939053.

Flydubai aircraft slide show:

All other photos by the airline.