Dubai, United Arab Emirates – flydubai has reported its strongest financial performance since its inception, achieving a record profit before tax of AED 2.5 billion (USD 674 million) for the financial year ending 31 December 2024, marking a 16% increase compared to 2023. The airline also saw a 15% surge in annual revenue to AED 12.8 billion (USD 3.5 billion) and carried 15.4 million passengers, up 11% year-on-year.

• Passenger numbers grew by 11% to 15.4 million, with a 10% increase in capacity (ASKM) and a 1.2 percentage point rise in Passenger Load Factor.
• flydubai’s fleet totaled 88 aircraft by year-end, with an average age of 5.3 years. Four Boeing 737 MAX 8 aircraft were delivered in early 2024, though scheduled deliveries for the remainder of the year were delayed due to Boeing’s ongoing supply chain issues.
• The airline extended leases on four Boeing 737-800 aircraft to maintain capacity.
• flydubai’s current order book includes 127 Boeing 737 aircraft for delivery over the next decade and 30 Boeing 787 Dreamliners—its first wide-body order—valued at USD 11 billion, with deliveries starting in 2027.

Outlook for 2025

• flydubai plans to receive 12 new Boeing 737 aircraft in 2025 to support fleet growth, replacements, and network expansion.
• Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on the outlook for 2025, said: “we are looking forward to another positive performance this year where we have laid strong foundations for further growth. Our strategic plans are highly influenced by the manufacturer’s ability to deliver on their promise to bring the aircraft delivery schedules back on track and clear the backlog. flydubai will receive 12 new Boeing 737s in 2025 to continue growing its fleet, replace some of its existing aircraft and support its network expansion plans. We are well-versed in managing external challenges such as rising inflation, supply chain disruptions as well as geopolitical tensions. Our focus will be on transformation and innovation through further investment in technologies that will support our sustainability efforts, improve operational efficiencies and strengthen our inhouse capabilities. We look forward to realising the full potential of our new Flight Training centre and growing our inhouse capabilities with the launch of Cabin Crew Training Organisation (CCTO) as well as Airline Transport Pilot License (ATPL).”

Source: flydubai