flynas Reports Remarkable Growth in Operational Performance during Q1 2023
Key Highlights :
flynas, the Saudi air carrier and the leading low-cost airline in the Middle East, reported a remarkable growth in its operational performance during the first quarter of 2023 compared to the same period of 2022. The company posted revenue growth of 47% over the same period last year, while the number of passengers increased 26% to more than 2.4 million from 1.9 million passengers. The number of flights was up to 17 thousand flights from 15 thousand flights, an increase of more than 13% compared to the first quarter of the previous year.
Bander Almohanna, CEO and Managing Director of flynas, attributed the growth to the airline's strategic expansion plan that was launched in early 2022 under the slogan "We Link the World to the Kingdom", which allowed the company to increase its fleet size to 48 aircraft by May 2023. In addition, flynas announced the addition of 10 new destinations and routes in Asia and Europe during the 2023 summer season, as of next June, bringing the total summer destinations to 20.
Almohanna also highlighted flynas' commitment to contribute to the goals of the national strategy for the civil aviation sector in the Saudi Vision 2030, which aims to reach 330 million passengers annually and to connect the Kingdom with 250 destinations worldwide by 2030. He expressed the company's ambition to become one of the top 10 low-cost airlines in the world and to be the largest owner of modern aircraft in the region.
flynas' remarkable growth in operational performance during the first quarter of 2023 is a testament to the company's commitment to providing quality services and expanding its ever-growing network. With its strategic expansion plan and commitment to the Saudi Vision 2030, flynas is well-positioned to become one of the top airlines in the world.
