Dubai’s budget carrier FlyDubai soared to new heights in 2023, reporting a record-breaking profit of $572 million. This impressive jump, a 75% increase over 2022, was fueled by carrying the most passengers ever across its network: 13.8 million, surpassing its pre-pandemic high of 11 million.
“Building on our strong performance, we surpassed all pre-pandemic levels to achieve the most profitable year in the airline’s history,” said Ghaith al-Ghaith, FlyDubai’s CEO. This strong rebound highlights Dubai’s booming tourism industry and the airline’s successful strategy.
Key Highlights:
- Revenue growth: $3 billion in 2023, up from $2.5 billion in 2022.
- Passenger growth: 13.8 million passengers in 2023, exceeding the pre-pandemic record of 11 million.
- Profit surge: $572 million profit in 2023, a 75% increase over $327 million in 2022.
Additional Notes:
- FlyDubai is the sister airline to Emirates, based at Dubai International Airport, the world’s busiest for international travel.
- The airline operates a fleet of 84 aircraft and flies to 122 locations in 52 countries.
- FlyDubai faced some headwinds from high oil prices and aircraft delivery delays but overcame them to achieve remarkable results.
