Budget carrier FlyDubai ends 2018 with $43.5M loss

DUBAI, United Arab Emirates (AP) — FlyDubai says revenues rose to $1.7 billion in 2018, but the company ended the year with a loss of $43.5 million.
In a statement Wednesday, Dubai’s government-owned budget carrier blamed fuel costs, rising interest rates and “unfavorable currency exchange movements” for the loss. It had made $1.5 billion in revenue in 2017, earning a narrow profit of $10 million that year.
FlyDubai said it flew 11 million passengers last year, just sligh