Full article on alarabiya.net
Saudi Arabia’s Flynas is drafting a five-year expansion plan as the airline nears its first ever annual profit, gaining momentum from a strong Hajj season and the simplification of its business model.
Chief executive Paul Byrne – who was appointed last year after the failure of an ambitious long-haul expansion program – says he expects September to be the ninth consecutive month of profitability.
That marks a dramatic turnaround for a company that has been consistently loss-making since launching nearly a decade ago.
“We took care of what was losing money, and we just kept doing what was making money,” Byrne tells Al Arabiya. “The difficulty in our business is not being tempted to do something strange and wonderful. It does take a lot of discipline internally – to keep people focused on saving costs, getting the flight out on-time, getting the pricing right...