10 Hrs
Source:
الاقتصادية
Source: الاقتصادية
10 Hrsالاقتصادية
Source: الاقتصادية
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flynas’s revenue rose 6% in the third quarter of 2026, but net profit fell to SAR 27 million as cost per seat increased 20% year over year—faster than the 11% rise in revenue per available seat kilometer. Fuel was the main source of pressure: its bill climbed 51% and accounted for about 30% of revenue. Cost per seat reached 27.5 halalas, compared with revenue of 27.8 halalas per seat. The company also had no repeat of the SAR 33 million in gains from sale-and-leaseback transactions recorded in the same period a year earlier. It warned that the partial closure of King Khalid International Airport during October would affect fourth-quarter results, kept its 2026 guidance suspended, and said it was taking steps to cut costs and preserve cash.
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