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.

.@flydubai today announced historic profit of AED 1.2 billion (USD 327 million) for 2022; a 43% increase compared to last year. This record performance is a direct result of the airline’s strong business model as well as its adaptability and agility during challenging times (1/3) pic.twitter.com/ALQQJ88ym8

— HH Sheikh Ahmed bin Saeed Al Maktoum (@HHAhmedBinSaeed) March 1, 2023

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."

Ghaith Al Ghaith, Chief Executive Officer at flydubai: we realised early on the great opportunities that #Dubai provides. 2022 has been an exceptional year, with accelerated demand, bookended by the final few months of Expo 2020 and FIFA World Cup 2022 in Doha pic.twitter.com/kXZji6djMr

— Dubai Media Office (@DXBMediaOffice) March 1, 2023

flydubai reports record results in 2022

Profit
AED 1.2 billion
Up 43% compared to 2021

Revenue
AED 9.1 billion
Up 72% compared to 2021

Passengers
10.6 million
Up 89% compared to 2021
17 new aircraft
16 new destinations
1,300 new employees
Grows network to 114 destinations pic.twitter.com/1fdWOMpRom

— Dubai Media Office (@DXBMediaOffice) March 1, 2023