Flydubai announces record profit of AED 1.2 billion

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Flydubai has reported historic profit of AED 1.2 billion for 2022, an increase of 43 per cent compared to 2021, reflecting the airline's strong business model built on cost efficiency and agility.

The Dubai-based carrier's total annual revenue surged to AED 9.1 billion compared to AED 5.3 billion in 2021 - an increase of 72 per cent.

The airline took delivery of 17 new aircraft in 2022, which is a record number of deliveries received in one year, while it hired 1,300 employees as part of its biggest recruitment drive in any year.

Flydubai carried 10.6 million passengers last year, registering an increase of 89 per cent compared to 2021.

"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," said Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai.

Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: "Navigating through challenging times characterised by continued fluctuating fuel prices, disruption to supply chains, rising global inflation and geopolitical unrest did not dampen our strong performance last year. Our robust cost control measures, network optimisation, strong yield and the significant fuel efficiencies of our fleet of Boeing 737 MAX aircraft have contributed to this historic financial performance."

 

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