Aviation Intelligence Database · Airline profile
Airline profile
Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.
At a glance
Latest reported period
Trends
Performance over time
Headline metrics and the gap between unit revenue and unit cost, FY2022 to the latest period.
Metrics
Full-year history
Analysis
What the numbers say
More detail
Additional disclosures
Guidance vs actual
Did the airline deliver?
What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.
Fleet & orders
Fleet composition
Key events
What moved the numbers
Peers
Compare with peers
FAQ
Frequently asked questions
Methodology
How to read this page
Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. The first 14 rows are the metrics used in the Airline Comparison tool.
- Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
- Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
- YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
- Operating margin is operating result ÷ revenue unless the company defines its own margin (marked D).
- Sources: annual reports, interim results and traffic statements. See Data & Research.
Text version of the flynas data on this page
flynas data snapshot
- Scope: Flynas Company (Tadawul: 4264)
- Region: Middle East
- Business model: Low-cost carrier
- Financial year end: 31 Dec
- Reporting currency: SAR
- Latest period: Q2 2026
- Last updated: 2026-09-25
Latest read
flynas cut capacity 15% in Q2 2026 as the regional conflict suspended part of its network and jet fuel more than doubled. It pushed fares hard, lifting RASK 22% and revenue 3% to SAR 2.21bn, but passengers fell 27%, load factor dropped to 71.2% and the quarter ended in a SAR 241m net loss.
Reported metrics by period
- FY2025 (FY2025 · calendar year): Passengers: 15.8m (+7% YoY); Revenue: SAR 7.84bn (+4% YoY); Operating profit / result: SAR 2.5bn adjusted EBITDA; Operating margin: 32.1% adj. EBITDA margin; Net profit: SAR 556m adjusted net profit (Statutory net loss SAR 527m after SAR 1.08bn IPO-related charges); Cash / liquidity: SAR 4.1bn cash; Net debt / cash / leverage: 1.3× (Net debt ÷ adjusted EBITDA); Fleet size: 71 (Operated fleet in 2025).
- H1 2026 (H1 2026 · six months ended 30 Jun): Revenue: SAR 4.22bn (+6% YoY); EBITDA / EBITDAR: SAR 761m adjusted EBITDA (18.0% margin, −45% YoY); Net profit: −SAR 123m net loss; Load factor: 77% (82% a year earlier); RASK / yield: +6% RASK (YoY change).
- Q2 2026 (Q2 2026 · quarter ended 30 Jun): Passengers: 2.6m (−27% YoY); Revenue: SAR 2.21bn (+3% YoY); Operating profit / result: SAR 205m adjusted EBITDA (−73% YoY); Operating margin: 9.2% adj. EBITDA margin; Net profit: −SAR 241m net loss (Q2 2025: −SAR 863m incl. SAR 1.08bn IPO charges); Load factor: 71.2% (−8.4pp YoY); Capacity / ASK: −15% capacity (YoY change; ASK not published in release); RASK / yield: +22% RASK (YoY change); CASK ex-fuel: +48% adjusted CASK (YoY change); Cash / liquidity: SAR 3.7bn cash (Plus SAR 782m undrawn facilities); Fleet size: 71 (End-2025 fleet; latest disclosed); Fleet growth / guidance: 6 deliveries in H2 2026 (FY2026 guidance suspended).
Results summary
SAR. Adjusted EBITDA and adjusted net profit use flynas definitions.
| Period | Revenue | Adj. EBITDA | Adj. EBITDA margin | Net result | Passengers | Load factor |
|---|---|---|---|---|---|---|
| FY2025 | 7.84bn | 2.5bn | 32.1% | 556m adjusted (−527m statutory) | 15.8m | Not disclosed |
| Q1 2026 | 2.0bn | 557m | 27.8% | 118m | 4.0m | 80.7% |
| Q2 2026 | 2.21bn | 205m | 9.2% | (241m) | 2.6m | 71.2% |
| H1 2026 | 4.22bn | 761m | 18.0% | (123m) | Not disclosed | 77% |
Outlook
Full-year 2026 guidance remains suspended. For Q3 2026 flynas guides to revenue growth in the low- to high-single digits and an EBITDA margin in the mid-teens to mid-20s, assuming jet fuel around $145/bbl and no further escalation.
- Capacity restoration since July; Kuwait and Iraq remain suspended.
- Fuel price versus the $145/bbl planning assumption.
- Six aircraft deliveries planned for H2 2026.
- Cash (SAR 3.7bn) and leverage as losses absorb liquidity.
- The flynas Syria joint venture.