Dubai-based carrier flydubai has reported record profits of $572 million for the full year of 2023, a 75% increase from its $327 million profit in 2022.
Total 2023 revenue was $3bn, up 23% from $2.5bn in 2022. Passenger numbers also increased 31% compared to 2022 to 13.8 million, surpassing its pre-pandemic record of 11 million passengers.
""The decision to accelerate its aircraft deliveries during the pandemic, preserve its workforce and to move forward with its ambitious network expansion plans has proven to be the correct strategy for the carrier resulting in its strongest-ever performance,"" said chairman of flydubai Sheikh Ahmed bin Saeed Al Maktoum.
flydubai CEO Ghaith Al Ghaith said: ""Building on the momentum from our previous strong performance, we continued to grow surpassing all pre-pandemic levels to achieve the most profitable year in the history of the airline.""
75% profit increase for flydubai in 2023
