8 Hrs
Source:
الاقتصادية
Source: الاقتصادية
8 Hrsالاقتصادية
Source: الاقتصادية
8 HrsReady to play
Ready to play
Flynas reported a net profit of 27 million riyals in the third quarter of 2026, exceeding analysts’ average forecast of 10.8 million riyals, despite a 78% year-on-year decline from 120 million riyals. Revenue rose 6% to 2.23 billion riyals, but fuel costs jumped 51% to 666 million riyals, driven by higher jet fuel prices linked to the regional conflict. The company warned that fourth-quarter results would be affected by operational disruptions and the partial closure of King Khalid International Airport during October. It said it was focused on cutting costs, preserving liquidity and gradually restoring flights, while suspending its financial guidance for 2026.
Notice: This Is an AI-Generated Summary
Comments (0)