flydubai announced its Annual Results for the year ending December 31, 2022. The airline reported a profit of AED 1.2 billion (USD 327 million)- an increase of 43 per cent compared to 2021 due to the surge in air travel after the pandemic.Besides, it reported a total annual revenue of AED 9.1 billion (USD 2.5 billion) compared to AED 5.3 billion
(USD 1.4 billion) in 2021- an increase of 72 per cent.
“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 positive environment we operate in, which is conducive to growth and success. I look forward to seeing the vital role flydubai plays in the continued growth of the aviation sector; a key driver in realising the Dubai Economic Agenda D33,” said Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, commenting on the announcement of the airline’s record Full-Year Results for 2022.
“We realised early on the great opportunities that Dubai provides and remained focused and ready to scale up our operations once the demand for travel returned. Our resilient financial stance enabled us to maintain positive cash flows and not require the government aid that was available to us during the pandemic. 2022 has been an exceptional year, with accelerated demand, bookended by the final few months of Expo 2020 and the unprecedented efforts to support travel to and from the World Cup in Doha,” said Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on flydubai’s 2022 Annual Results.
“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,” added Ghaith.
“I am proud to see our network, fleet, workforce and performance reach new heights. This is all due to the unwavering vision of the leadership of Dubai and the UAE, and the hard work and dedication of everyone at flydubai.”