2.5 billion dirhams “flydubai” profits in 2024

Fly Dubai today announced record annual results for the fiscal year ending December 31, 2024.

The company revealed its standard financial results, which is the highest in the history of the carrier since its inception 15 years ago.

The carrier made clear profits before taxes of 2.5 billion dirhams (674 million US dollars); With a growth of 16% compared to the year before 2023, the total revenues amounted to 12.8 billion dirhams (3.5 billion US dollars); With a growth of 15% compared to 11.2 billion dirhams ($ 3 billion) in the year 2023.

This new achievement came thanks to the strength and diversity of the carrier network, in addition to its strong and flexible business model.

New horizons

And His Highness Sheikh Ahmed bin Saeed Al Maktoum, Supreme President of the Dubai, said: “Flydubai continues to excel and reach new horizons year after year. Within a short time, the carrier has emerged as a pivotal player in the aviation industry in Dubai and the region, based on the model of its business that It is based on solid foundations and firm commitment to support Dubai’s economic and tourism vision. “

And His Highness added: “The construction of air links with important markets, especially destinations and markets that are not serviced on direct flights, in establishing Dubai’s position as a global aviation center and one of the most connected cities in the world. Flydubai has proven its positive impact on the markets that It served, as it contributed greatly to facilitating the movement of trade and tourism, and showed exceptional flexibility in facing challenges, which made it An essential element in supporting economic growth in those markets. “

His Highness continued: “Fly Dubai has a distinct position that qualifies it to achieve sustainable growth and continuous success in the next stage of its career, as it continues to expand its operations and invest in innovation to upgrade the experience of customers in the coming years, guiding the wise leadership of the UAE, and the forward -looking vision of His Highness Sheikh Muhammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him The framework for providing a safe and sustainable environment, progressive policies and global infrastructure that contributes to promoting success. “

Fly Dubai’s operational profits grew before benefits, taxes, consumption and extinguishing debt (EBITDA) by 15% to 4.1 billion dirhams ($ 1.1 billion), which reflects the strong focus of the company on operational efficiency, cost and digital transformation as well as continuous investment In improving customer experience. The cost of fuel constituted 28% of the total operating costs in the year 2024 compared to 32% in the year 2023 due to the decrease in the average fuel price. The closure of the value of cash and bank balance of the company (including PDP delivery allocations) reached 4.7 billion dirhams ($ 1.3 billion).

The company transported 15.4 million passengers in the year 2024, with a growth of 11 % compared to 2023. The total capacity measured by the number of seats available per kilometer (ASKM) grew by 10 %, while the rate of passenger load factor grew by 1.2 percent. The return on travelers increased by 1%, driven by the increasing demand for travel for work and entertainment around the various destinations of the carrier. The demand for business degree in flydubai increased by 18% through the carrier network, and moved nearly half a million passengers in 2024.

Historical results

Ghaith Al -Ghaith, CEO of Fly Dubai, said about these standard results: “The historical financial results that we have achieved for the fourth year in a row are a testament to our ability to continue developing our business and overcoming economic and geopolitical challenges through future planning, and benefiting from our strength To adapt and develop with the changing needs of the market and customers. We moved from the main engines behind this success, as well as the collective effort and the spirit of the team that the carrier’s employees and their active and primary role in achieving this. “

The carrier network: The carrier was forced to re -evaluate in the development plans of its destinations and review the numbers of flights over the network to adapt to the ongoing challenges in the dedication to the delivery of new aircraft in the year 2024. Despite the postponement of expansion plans, the flydubai destination network grew last year to 131 destinations In 55 countries, including 97 destinations that were not served by direct flights to Dubai or the Emirates. The carrier has restart its operations in Al -Jouf in Saudi Arabia and Sochi in Russia. The company also maintained its approach to the opening of the uncovered markets by adding ten new destinations in Parah in Nepal, Basel in Switzerland, Kerman and Kish Island in Iran, Lahore and Islamabad in Pakistan, Mumbasa in Kenya, Penang and Langkawi in Malaysia , And the Red Sea in the Kingdom of Saudi Arabia.

The carrier continued to operate its seasonal summer destinations from June to the end of September, and attracted more travelers to its nine destinations served by the carrier.

Fleet

By the end of December, the number of aircraft in the flydubai fleet reached 88 aircraft, with an average age of the fleet 5.3 years. Fly Dubai received four Boeing 737 MAX 8 aircraft in the first half of the year 2024, which was one of the late years of previous years and faced extensive delays in the delivery schedule, and the carrier did not receive any of the aircraft that was to be delivered in 2024 due to the continued challenges Related to the Boeing Related schedule. The carrier has extended the lease contract for four Boeing 800-737 aircraft from the new generation, which was to be returned to the two lessors.

The total files of flydubai are 127 Boeing 737 aircraft expected to be received by the carrier over the next decade, in addition to 30 Boeing 787 Dreamliner aircraft, which was the first order of a voluntary aircraft of $ 11 billion as of 2027.

ATo sustain

Flydubai is committed to supporting the UAE’s vision to reach the achievement of carbon (zero -emissions) by 2050, and in light of the limited solutions that are currently applicable to significantly reduce carbon emissions in the industry, flydubai continues to rely on its fleet of 737 Max 8 aircraft to achieve Reducing carbon emissions due to the efficiency of fuel consumption by 14 % compared to its predecessor. This coincides with the great investment in the latest technologies to improve operational efficiency and adopt the work environment without papers and digital transformation in the company.