DUBAI, United Arab Emirates — On Monday, the budget airline FlyDubai revealed that it achieved an unprecedented profit of $611 million for the year 2024, a significant increase driven by a rise in passenger traffic and reductions in fuel expenses.
The company reported total revenues reaching $3.5 billion for the year, an increase from $3 billion in 2023. For comparison, profits last year amounted to $572 million.
In 2024, FlyDubai transported a total of 15.4 million travelers.
Operating alongside its sister airline Emirates, both carriers are headquartered at Dubai International Airport, recognized as the busiest airport globally for international passenger traffic. Since the onset of the COVID-19 pandemic, both airlines have seen a significant rebound in their profitability as global travel restrictions ease.
Both entities are owned by the Investment Corporation of Dubai, the government’s investment arm. They also collaborate on code-share agreements, which enhance the connectivity and traffic on FlyDubai’s routes.
FlyDubai boasts a fleet consisting of 88 aircraft, all of which are Boeing 737 models, and services 131 destinations across 55 different countries.
Notably, FlyDubai maintained its flights to Israel’s Ben Gurion International Airport even amid the ongoing conflict between Israel and Hamas, unlike some international competitors that suspended their operations. The airline began providing this route after the United Arab Emirates established diplomatic recognition of Israel in 2020.
