Flydubai announces record profit of $326mln for 2022

Flydubai announces record profit of $326mln for 2022

DUBAI– Dubai-based airline flydubai has reported historic profits of AED1.2 billion (US$327 million) for the year ending on 31st December 2022, representing a 43% increase from 2021. The carrier's total annual revenue grew by 72% to AED9.1 billion (US$2.5 billion) compared to AED5.3 billion (US$1.4 billion) in 2021.

The airline carried 10.6 million passengers, an 89% increase from 2021, and received 17 new aircraft, which is the highest number of deliveries in a year. flydubai also hired 1,300 employees in 2022, marking its biggest recruitment drive.

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, commented, “flydubai’s record performance for 2022 is a direct result of the carrier’s strong business model as well as its adaptability and agility during challenging times which has cemented its position as a key contributor to the success of Dubai’s aviation hub. flydubai remained committed to maintaining the highest levels of cost and operational efficiencies while preserving and growing its workforce over the past two years. This meant the carrier was quick to cater to the pent-up demand and support Dubai’s accelerated recovery."

“flydubai’s second consecutive year of profitability since the start of the pandemic is testament to the exceptional contribution of its skilled team and the