Flydubai reports 43% rise in profit for 2022

Dubai-based carrier flydubai has reported a 43 per cent year-on-year rise in profit for the year 2022, equalling Dhs1.2bn ($327m).

The airline reported revenue of Dhs9.1bn ($2.5bn) last year, rising 72 per cent from Dhs5.3bn ($1.4bn) recorded in 2021.

It flew a total of 10.6 million passengers in 2022, growing 89 per cent in passenger volumes compared to 2021.

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

“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,” said Sheikh Ahmed bin Saeed Al Maktoum, chairman of flydubai.

“flydubai remained committed to maintaining the highest levels of cost and operational efficiencies while preserving and growing its workforce over the past two years.”

Operational performance

Flydubai launched 16 routes and ended the year 2022 with a network of 114 destinations. It witnessed an increase in demand for connecting traffic, with 46 per cent of passengers connecting to its network or through its codeshare with Emirates. The airline took delivery of 17 new aircraft and ended the year 2022 with 74 in its fleet in total.

To enable football enthusiasts attend the FIFA World Cup held in Qatar last year, the airline operated 1,290 Match Day Shuttle flights between Dubai World Central and Doha International Airport from November 21 until December 19, 2022.

Read: Flydubai carried over 100,000 fans on shuttle flights since Nov 21

Additionally, it employed 1,300 in 2022, 80 per cent of whom were cabin crew, engineers or pilots, marking the airline’s biggest recruitment drive in any single year.

“Dubai continues to be one of the most desirable destinations for trade and tourism with a robust and growing economy, and a thriving aviation hub serving a growing population,” added Ghaith Al Ghaith, chief executive officer at flydubai.

“In 2023 we will continue to invest in new technologies, expand our network and enhance our connectivity through our airline partnerships.”

“We have invested in aircraft that reduce fuel use and CO2 emissions and this year we are set to take delivery of more than 17 Boeing 737 MAX 8 aircraft. We will continue to identify areas across the business to enhance our sustainability efforts in line with the UAE’s commitment to promote sustainable practices in the aviation industry.​