Flydubai's 2014 Profits Up 12.3% at $68 mn

Dubai's no-frills carrier flydubai said Tuesday that 2014 net profit rose 12.3 percent to $68 million (60.7 million euros), as it expanded its routes and number of flights. 

Revenues at state-owned flydubai hit 4.4 billion dirhams ($1.2 billion), up 19.1 percent, a statement said.

The carrier said it added 23 new routes to its network and increased frequencies on several destinations, operating 1,400 flights per week.   

CEO Ghaith al-Ghaith said "2014 saw flydubai open up a record number of new routes in what was a demanding year." 

"It is good to see that more passengers than ever before are travelling with us."

The airline carried 7.25 million passengers, up from 6.82 million in 2013.

Flydubai operates a fleet of 43 single-aisle Boeing 737 planes.