Flynas After the Stock Market Listing: The Saudi Low-Cost Carrier Betting on 100 New Airbuses
After raising $1.1 billion in its May 2025 listing on the Saudi stock exchange Tadawul — the first IPO of a Gulf airline in almost twenty years — Flynas confirms its position as Saudi Arabia's largest low-cost carrier, with its hub in Riyadh and a record subscription demand of $109 billion. It is now a rapidly expanding carrier, with a fleet of 71 aircraft in mid-2025 and orders for more than one hundred additional Airbus aircraft.
The fleet
The fleet is made up of aircraft from the Airbus A320 family, with an order book that includes 195 narrowbody and 15 widebody Airbus aircraft in the coming years, a sign of the intention to extend operations to longer-haul routes than the typical profile of a regional low-cost carrier.
History and positioning
The 2025 stock market listing marks a turning point for Flynas, which is selling 30% of its capital to the market after a year, 2024, that closed with revenue of 7.56 billion riyals and net profit of 434 million riyals. The deal confirms the airline's ambition to become a leading player not only in the Saudi domestic market but also on regional routes to the Gulf and the Indian subcontinent.
Routes and network
The current network covers the main Saudi cities from Riyadh and extends to regional destinations in the Middle East, North Africa and the Indian subcontinent, an important market for the traffic of foreign workers headed to Saudi Arabia. The arrival of the future widebodies should allow longer-haul routes to be opened, still in the planning stage.
What passengers say
- Appreciated aspects: competitive prices on regional routes, and punctuality rated as average by users of the main review portals.
- Most frequently reported criticisms: extra charges for baggage and additional services perceived as not very transparent at the time of booking, and slow customer service during peak periods linked to the pilgrimage.
Flynas is a good choice for those looking for the lowest price on a regional route from the Gulf to the Middle East or the Indian subcontinent who are willing to handle baggage and extras separately, while those traveling for the pilgrimage in peak periods should book well in advance given the high seasonal demand on these routes. With the fleet growing fast thanks to the Airbus orders, it is worth checking the aircraft type assigned to your flight, since the cabin configuration can vary between the different generations of A320 in service.
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