Dubai-based low-cost-carrier (LCC) flydubai posted a full-year net profit of AED250 million ($68 million) for 2014, up 12.3% year-over-year (YOY) from the carrier’s AED222.8 million net income in 2013. Full-year revenue was AED4.4 billion, up 18.9% YOY. Ancillary revenue made up 14.4% of the airline’s total annual revenue. Fuel continued to be the company’s largest expense and accounted for 36% of flydubai’s 2014 operating expenses, down 3.5 points from 2013. Thirty ...

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