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Earnings Release flynas طيران ناس flynas navigates a quarter of headwinds with disciplined capacity management and firm pricing Higher unit revenues and proactive capacity management softened the impact of higher fuel prices in the second quarter 2Q and 1H 2026 Highlights Revenue grew 3 % YoY to 2.2 billion in 2Q 2026 and 6 % to 4.2 billion in 1H 2026 , supported by higher unit revenues . RASK rose 22 % YoY in 2Q 2026 , reflecting a favorable fare environment that flynas captured through disciplined pricing to recover much of the higher fuel cost . EBITDA of 205 million in 2Q 2026 , with a 9.2 % margin . Net loss of # 241 million in 2Q 2026 , on higher fuel costs and reduced capacity . ASK was proactively reduced 15 % YoY in 2Q to protect margins through the disruption , with restoration toward prior - year levels beginning in early July , ahead of the summer peak . Fleet of 67 aircraft ; 98 % ¹ new generation , average age 4.5 years with three A320neo delivered since 2Q 2025 and wet - lease capacity rationalized in response to the regional conflict and reduced capacity needs . Cash of 3.7 billion , net debt broadly stable YoY , and net debt - to - adjusted EBITDA2 at 1.7x - strong liquidity providing the financial flexibility to navigate a difficult period . Riyadh , 5 August 2026 - flynas delivered a resilient performance in the second quarter and first half of 2026 , navigating a challenging operating environment with disciplined capacity management , firm pricing , and continued strategic execution . The regional conflict that began in late February continued to weigh on the operating environment during the second quarter , driving fuel prices higher and keeping part of the international network suspended . In response , flynas acted decisively , proactively reducing 1 New - generation ( A320neo ) aircraft as a percentage of the narrow - body fleet , excluding wet - leased aircraft . 2 For last - twelve - months ( LTM ) metrics , the adjustment applies only where the window includes 2Q 2025. At 30 June 2026 , the window ( 3Q 2025-2Q 2026 ) excludes it , so no adjustment applies to LTM EBITDA for 2026 ; label is kept for consistency . See Glossary . Page 1