flydubai has announced its most successful financial year to date, with a pre-tax profit of AED 2.5 billion (USD 674 million) for the year ending December 31, 2024. This represents a 16% increase compared to the previous year. The airline’s total revenue also saw a significant rise, reaching AED 12.8 billion (USD 3.5 billion), a 15% uptick from 2023.

The surge in profitability is attributed to flydubai’s expansive network and resilient business model. In 2024, the airline transported 15.4 million passengers, marking an 11% increase from the prior year. Capacity, measured in Available Seat Kilometres (ASKM), grew by 10%, while the Passenger Load Factor improved by 1.2 percentage points. Notably, the Business Class segment experienced an 18% rise in passengers, totaling nearly half a million travelers.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, commented on the achievement: “flydubai continues to push boundaries and reach new milestones year-on-year. In its young, but impactful, journey, it has emerged as a key player in the aviation industry in Dubai and the region.”

CEO Ghaith Al Ghaith added: “Our record-breaking financial performance, for the fourth consecutive year, demonstrates our continued ability to grow our business and navigate difficult economic and geopolitical challenges through forward planning.”

The airline’s focus on operational efficiency and digitalization has been pivotal in achieving these results. Fuel costs accounted for 28% of operating expenses in 2024, a decrease from 32% in 2023, due to lower average fuel prices. Additionally, flydubai reported a closing cash and bank balance of AED 4.7 billion (USD 1.3 billion), including pre-delivery payments.

As flydubai celebrates its 15th anniversary, it solidifies its position as the second-largest carrier operating out of Dubai International Airport (DXB), contributing to making Dubai one of the most connected cities globally. The airline’s commitment to innovation and customer experience positions it well for continued growth in the coming years.