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FINANCIAL NEWS
Saudi Flynas to log first-ever profits in 2014
10 Feb 2015
(MENAFN) Saudi-based flynas is set to log profits in 2014 for the first time since launching in 2007 by reducing costs, Gulf News reported.
The low-cost carrier is currently one of the only options for local flights in Saudi, and is struggling to sustain with demands.
With challenges like high operating costs and regulative obstacles, Flynas’s rival SAMA Airlines was obligated to halt after a loss of about USD300 million.
In 2013, around 68 million passengers traveled through Saudi’s 28 airports, an increase of 5.2 percent on-year, data showed.
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