flydubai has reported a record FY2024 pre-tax profit of AED 2.5 billion (US $674 million) on a 15 percent year-over-year increase in revenue of 15 percent to AED 12.8 billion (US $3.5 billion).
On Monday (February 24, 2025), flydubai reported their full year financial results for the period ending December 31, 2024. The carrier reported a record pre-tax profit of AED 2.5 billion (US $674 million) on a 15 percent year-over-year increase in revenue to AED 12.8 billion (US $3.5 billion). At December 31, 2024, flydubai had a closing cash and bank balance totaling AED 4.7 billion (US $1.3 billion).
In Monday’s announcement, flydubai’s Chairman, His Highness Sheikh Ahmed bin Saeed Maktoum, said,
“flydubai continues to push boundaries and reach new milestones year-on-year. In its young, but impactful, journey, it has emerged as a key player in the aviation industry in Dubai and the region. Its business model is built on solid foundations and an unwavering commitment to supporting Dubai’s economic and tourism vision. Forging invaluable air links to underserved markets has supported Dubai’s thriving aviation hub, making Dubai one of the most accessible and connected cities in the world. We have seen evidence of the positive impact flydubai has in the markets it operates to, stimulating free flows of trade and tourism and acting as a lifeline during challenging times.
“flydubai is well-placed for continued growth and success in the next chapter of its journey as it expands its horizons and operations, continues to invest in innovation and delivers an enhanced customer experience over the coming years. This could not have been possible without the UAE’s visionary leadership and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who have created the framework for a secure and safe environment, progressive policies and world-class infrastructure that foster success.”
Also commenting on the carrier’s record FY2024 financial results, flydubai’s CEO, Ghaith Al Ghaith, added,
“Our record-breaking financial performance, for the fourth consecutive year, demonstrates our continued ability to grow our business and navigate difficult economic and geopolitical challenges through forward planning, drawing on our strength to adapt and evolve to the changing market and customer needs. Our collaborative approach with our key stakeholders and agility remain key drivers to this success, as well as the collective effort of our people who have been instrumental to it.”
During 2024, flydubai grew their network to 131 destinations across 55 countries, 97 of which were underserved markets. The carrier also resumed service to Al Jouf in Saudi Arabia, as well as to Sochi in Russia, and launched new service to Basel in Switzerland, Bhairahawa in Nepal, Islamabad and Lahore in Pakistan, Kerman and Kish Island in Iran, Langkawi and Penang in Malaysia, Mombasa in Kenya as well as The Red Sea in Saudi Arabia.
flydubai took delivery of four Boeing 737-8 MAX aircraft during H1 2024 and extended leases on four Boeing 737-800s, ending the year with a fleet of 88 aircraft with an average age of 5.3 years. Currently, flydubai’s orderbook includes 127 Boeing 737 Family aircraft and 30 Boeing 787 Dreamliners. This follows the airline’s first-ever widebody order valued at $11 billion, with the 787s scheduled to deliver from 2027. In January 2024, flydubai rolled out a multimillion-dollar fleet refresh program for a complete cabin refresh for 25 Boeing 737-800s. Thus far, 17 aircraft have been retrofitted, with the new cabins featuring flydubai’s flagship lie-flat Business Class seats and new generation Economy Class seats, as well as inflight entertainment (IFE) systems.
Source: flydubai