FlyDubai Reports Record $611 Million Profit in 2024

Dubai-based budget airline FlyDubai posted a record $611 million profit for 2024, driven by rising passenger numbers and lower fuel costs, the airline announced Monday.

The low-cost carrier reported revenues of $3.5 billion for the year, up from $3 billion in 2023. Net profit also saw a jump from $572 million the previous year, reflecting strong post-pandemic recovery and increased demand for regional travel.

FlyDubai carried 15.4 million passengers in 2024, benefiting from its extensive network and partnership with long-haul carrier Emirates. Both airlines, owned by the Dubai government’s Investment Corporation of Dubai, operate out of Dubai International Airport, the world’s busiest for international travel. Their code-sharing agreement has helped boost traffic on FlyDubai routes.

With a fleet of 88 Boeing 737 aircraft, FlyDubai serves 131 destinations across 55 countries. Notably, the airline continued operating flights to Israel’s Ben Gurion International Airport throughout the Israel-Hamas conflict, while many international carriers suspended service. FlyDubai first launched the route in 2020 after the United Arab Emirates normalized diplomatic relations with Israel.

The airline’s record performance underscores the strength of Dubai’s aviation sector, which has rebounded significantly following the global travel disruptions caused by the COVID-19 pandemic.