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FINANCIAL NEWS
Saudi flynas expected to turn profitable this year
05 Apr 2014
(MENAFN) flynas, Saudi Arabia’s first and only budget airline is aiming to grow at least 20 percent annually, Arabian Business reported.
The carrier’s chief executive said that flynas is expected to turn profitable this year following seven years of losses.
The CEO said: “Until now we are actually not making a profit, but we hope to cross over this year. We have to grow very quickly and get critical mass.”
Data by the General Authority of Civil Aviation show that over 64 million passengers passed through Saudi Arabia’s 28 airports in 2012, increasing 19 per cent from the year before it.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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