Dubai-based low-cost carrier (LCC) flydubai posted a 2016 net income of AED31.6 million ($8.6 million) for 2016, down 69% from net income of AED100.7 million in 2015. Full-year revenue for 2016 was AED5 billion, up 2.4% year-over-year (YOY). The LCC did not release specific figures, but described a stronger second half, driven by increased passenger numbers. Flydubai said it was “impacted by downward pressure on yield, leading to lower overall revenue growth, reflecting a ...

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