FLYNAS-

Saudi carrier flynas reported a 3% y-o-y drop to SAR 191 mn to its adjusted bottom line in 2Q 2025, citing increasing fleet depreciation costs, according to an earnings release (pdf). The low-cost carrier’s top line also recorded a slight dip of 1% y-o-y to reach SAR 2.1 bn in 2Q.

The carrier’s 1H performance ended on a more positive note, with adjusted net income rising 22% y-o-y to SAR 339 mn and top line increasing 1% to almost SAR 4 bn, largely driven by a solid Haj season.

The results were on target despite the dip, flynas CEO Bander Al Mohanna said in the release, pointing to headwinds including geopolitical tensions, a temporary suspension of pre-Hajj visas, and the grounding of some aircraft due to global delays in engine parts.

Operational highlights: Flynas added 11 new jets, boosting its fleet to 71 aircraft during 1H, while also launching 15 new routes across six countries.

Looking ahead, flynas sees its revenue growing between 6-18% in 2025, Aleqtisiadiah reports. The airline is also set to open two new centers in Saudi Arabia for pilot training and aircraft maintenance to cut operational costs, Al Mohanna told Asharq Business (watch, runtime: 10:34). It plans to launch flights to Kenya and Kosovo this year and is exploring options in Russia. It expects three more aircraft by year-end and a delivery of 30 Airbus A330neo wide-body jets in late 2026 or early 2027, supporting a strategic shift to long-haul flights.

REFRESHER- Flynas went public with a 30% stake on Tadawul’s main market in June, the Kingdom’s largest IPO so far this year and the highest-grossing Saudi IPO since Aramco’s stellar USD 29.4 bn debut in 2019.

A rough landing: While the IPO saw institutional and retail investors flock to subscribe for the USD 4.1 bn issuance, the airline’s shares dipped 3.4% on debut to close at SAR 77.30 apiece in its first week. The airline’s IPO marked the region’s first main market listing since the outbreak of the Israel-Iran conflict earlier that month — a geopolitical shock that triggered a regional sell-off, denting investor sentiment. Aviation stocks were among the hardest hit due to widespread disruptions to commercial flight schedules.

JAZEERA-

Kuwaiti low-cost carrier Jazeera Airways saw its y-o-y bottom line fall by 11% to KWD 4.8 mn in 2Q 2025, driven by regional geopolitical tensions and temporary airspace disruptions during the quarter, according to a statement and Boursa disclosure (pdf). The airline’s operating revenue also took a 7.5% y-o-y dip to KWD 48.6 mn in 2Q.

The airline’s 1H performance stayed solid, however, recording about 250% y-o-y hike in net income to KWD 9.6 mn. Its operating revenue rose around 3.3% y-o-y to KWD 102.2 mn in 1H.

Big expansions to come: The carrier is slated to uptake some 26 new aircraft from Airbus in 2026, the statement says. Jazeera Airways also announced plans to acquire more narrow-body jets — to fill a market void left by the departure of 14 European carriers from Kuwait International Airport back in June.

REMEMBER- Jazeera Airways is also set to expand Terminal 5 — its terminal in Kuwait International Airport — with plans to boost its capacity to 7.5 mn passengers, up from the current 5 mn passengers.

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