Flynas has declared a transition to net losses of SAR 594.43 million within the first nine months of 2025, compared to the net profits of SAR 492.62 million reached in the same period of the previous year.
Despite the setback, the company has succeeded in raising its revenues by 2.91 percent to reach SAR 6.06 billion, as compared to SAR 5.89 billion, which shows its ability to maintain its revenues despite the difficulties in operations.
The financials of the airline reported that the losses to SAR 3.69 per share by September 2025, in contradiction to the earnings per share of SAR 3.21 reported last year.
Therefore, flynas experienced an increase in net profits during the third quarter of 2025. The net profits increased by 14.91 percent year-on-year, reaching SAR 120.21 million in comparison to SAR 104.61 million from the previous year.
Revenues in this quarter rose to 6.20 percent, which surpasses to SAR 2.09 billion, which surpasses SAR 1.96 billion in the same period the previous year.
Quarterly comparisons have also shown a recovery; flynas recorded losses of SAR 862.50 million in Q2 2025, but has achieved profitability in Q3.
Nevertheless, a slight decline of 2.49 percent in revenues in the past quarter was observed in the Saudi company, as compared to SAR 2.14 billion.
CEO and Managing Director Bander Almohanna said that “The third quarter marked a return to growth, with the resumption of capacity expansion and stronger operational momentum. During the 9M 2025, we expanded our network with the addition of 19 new routes, nine destinations, and seven countries, further strengthening our international connectivity and enhancing both network efficiency and customer appeal.”
He also stated that flynas achieved a significant milestone by the end of the period with the delivery of the 60th aircraft in the company and the expansion of the fleet. This implies that the company fulfilled half of its Airbus order in 2016.
