Flyadeal, Saudi Arabia's low-cost airline, has been expanding since its start. The airline, which was founded in April 2016 and began operations a year later, is looking to build a major position in the country's low-cost sector. Flyadeal has taken a positive attitude to expansion, not allowing the epidemic damper its enthusiasm, and is optimistic about the prospects of low-cost air travel in Saudi Arabia.
Con Korfiatis, CEO of flyadeal, is delighted with how the country's aviation is faring in the post-pandemic era. Korfiatis spoke at the CAPA Airline Leader Summit in Manchester earlier this month, according to Routesonline, when he described the potential of the kingdom's aviation business as "mind blowing."
He also stated that the country's aviation is undergoing unprecedented changes, and flyadeal is excited to be a part of it. At the peak of the summer travel season, the airline expects to provide about 155,000 seats per week, a 60% increase over 2019.
Because of all the untapped possibilities of affordable travel in the region, Korfiatis is optimistic about flyadeal's future. He compared the country's comparatively cheap no-frills travel alternatives to the dominance of LCCs in Europe and North America, believing that the aviation sector in Saudi Arabia and the wider Middle East is still "extremely immature" from a low-cost standpoint.
Despite the pandemic, flyadeal has not abandoned its ambitious future goals. It had 217,000 round-trip tickets at the end of 2017, which increased to 2.9 million in 2018 and 5.3 million the following year. It was the second-largest domestic operator in Saudi Arabia by 2020.
The airline began 2022 with the world's fifth-youngest fleet and expects to treble its revenue by the end of the year. Despite the fact that it is running new planes, flyadeal is going to phase out the earlier generation A320ceos in favour of the current neo counterparts.