flynas has announced a shift to net losses amounting to SAR 594.43 million during the first nine months of 2025, compared to the net profits of SAR 492.62 million recorded in the same period of the previous year. Despite this setback, the company managed to boost its revenues by 2.91%, reaching SAR 6.06 billion from SAR 5.89 billion, indicating a resilience in its revenue streams despite operational challenges.
The airline’s financials reveal losses reaching SAR 3.69 per share by September 2025, a reversal from the earnings per share of SAR 3.21 recorded in the previous year.
However, flynas recorded a boost in net profits for the third quarter of 2025. The net profits surged 14.91% year-on-year, posting SAR 120.21 million compared to SAR 104.61 million from the previous year. Revenues during this quarter rose by 6.20%, amounting to SAR 2.09 billion, a growth from SAR 1.96 billion in the same period the prior year.
Quarterly comparisons also reflect a recovery. flynas moved from net losses of SAR 862.50 million in Q2 of 2025 to profitability in Q3. However, the Saudi company experienced a slight revenue dip of 2.49% from SAR 2.14 billion in the previous quarter.
CEO and Managing Director Bander Almohanna said, “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 added that by the end of the period, flynas marked an important milestone with the delivery of the company’s 60th aircraft and its fleet expansion. This means the company has completed half of its 2016 Airbus order.
