FlyDubai announces record profit as Gulf air travel booms

DUBAI, United Arab Emirates — (AP) — Finances service FlyDubai introduced document earnings on Wednesday, benefitting from a surge in air journey following the lifting of pandemic restrictions.

The state-owned service, primarily based within the enterprise and tourism hub of Dubai within the United Arab Emirates, reported $327 million in revenue in 2022, up 43% from the earlier yr. Annual income for 2022 was up 72%, to $2.5 billion, it mentioned.

“We realized early on the good alternatives that Dubai supplies and remained centered and able to scale up our operations as soon as the demand for journey returned,” Ghaith Al Ghaith, the corporate’s chief government officer, mentioned in an announcement.

Site visitors greater than doubled final yr at Dubai’s airport, the busiest on the planet for worldwide journey, however nonetheless lags a document set in 2019 earlier than the onset of the coronavirus pandemic.

FlyDubai mentioned it carried 10.6 million passengers in 2022, up 89% from the earlier yr. The sister airline to long-haul service Emirates has additionally ramped up capability, with the supply of 17 new plane and the hiring of some 1,300 staff over the previous yr, it mentioned.

In 2020, FlyDubai had reported losses of $194 million.

Copyright 2023 The Related Press. All rights reserved. This materials is probably not printed, broadcast, rewritten or redistributed with out permission.