Dubai Aviation Corporation, doing business as flydubai, an Emirati government-owned low-cost airline based in Dubai, United Arab Emirates has reported the strongest annual results for its financial year ending 31 December 2024.
The Dubai-based carrier marks it’s strongest-ever financial performance in its 15-year history, reporting a pre-tax profit of USD 674 million; a 16% growth compared to the previous financial year with a total revenue of USD 3.5 billion, marking an increase of 15% compared to USD 3 billion in 2023.
The new milestone was driven by the strength of Flydubai’s diverse network as well as its strong and agile business model.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Flydubai, said: “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. Its business model is built on solid foundations and an unwavering commitment to supporting Dubai’s economic and tourism vision. Forging invaluable air links to underserved markets has supported Dubai’s thriving aviation hub, making Dubai one of the most accessible and connected cities in the world. We have seen evidence of the positive impact Flydubai has in the markets it operates to, stimulating free flows of trade and tourism and acting as a lifeline during challenging times.
Flydubai is well-placed for continued growth and success in the next chapter of its journey as it expands its horizons and operations, continues to invest in innovation and delivers an enhanced customer experience over the coming years. This could not have been possible without the UAE’s visionary leadership and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who have created the framework for a secure and safe environment, progressive policies and world-class infrastructure that foster success.”
