Flydubai posts record profit of AED 2.1 billion

Flydubai has reported record-breaking annual results for the financial year ending December 31, 2023, marking its strongest-ever performance.

The Dubai-based carrier posted record profit of AED 2.1 billion, an increase of 75 per cent compared to 2022, while total annual revenue reached AED 11.2 billion, a 23 per cent growth year-on-year.

The airline carried 13.8 million passengers, which is an increase of 31 per cent, and a new record surpassing its 11 million pre-pandemic figure.

Commenting on the latest achievements, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, said: "In its 15th year of operations, flydubai has emerged as one of the key players in the UAE’s aviation industry and a major contributor to Dubai’s economy.

"Its solid business model has enabled the carrier to grow exponentially even during challenging times, doubling its operating fleet and expanding its network since the pandemic."

Flydubai launched 17 routes and ended 2023 with a network of 122 destinations in 52 countries, while it took delivery of 13 new planes and ended 2023 with 84 aircraft.

The airline's workforce reached 5,545 employees with more than 1,000 new colleagues joining in 2023 across various departments.

Seventy-three per cent of the new joiners were pilots, cabin crew and engineers to support the carrier's growing fleet and network.

Flydubai more than doubled the number of UAE Nationals in its workforce, attracting more skilled young Emiratis to join its cadet, engineering and work placement programmes across the business.

In its sixth year, Emirates and flydubai’s strategic partnership has enabled more than 3.7 million passengers in 2023 to enjoy seamless connectivity across the joint network of 222 destinations.

"We are dedicated to supporting the Dubai Economic Agenda D33 to solidify its position as one of the world’s top three cities for tourism and business over the next decade. We will continue with our strategic network development plans that will see more destinations join the flydubai network this year starting with the five new routes announced since the start of 2024 including Basel, Riga, Sochi, Tallinn and Vilnius," said Ghaith Al Ghaith, Chief Executive Officer of flydubai.

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