- Reviews report revenue earlier than tax of AED 2.5 billion (USD 674 million) for the monetary 12 months ending 31 December 2024; a rise of 16% in comparison with 2023
- Annual income surges 15% to AED 12.8 billion (USD 3.5 billion)
- Carries 15.4 million passengers; a rise of 11% in comparison with 2023
- Solidifies its place because the second largest provider working out of DXB with 10% elevated capability to 44,503 million (ASKM)
flydubai reported at present record-breaking annual outcomes for its monetary 12 months ending 31 December 2024.
The Dubai-based provider marks its strongest-ever monetary efficiency in its 15-year historical past, reporting a pre-tax revenue of AED 2.5 billion (USD 674 million); a 16% development in comparison with the earlier monetary 12 months with a complete income of AED 12.8 billion (USD 3.5 billion), marking a rise of 15% in comparison with AED 11.2 billion (USD 3 billion) in 2023. The brand new milestone was pushed by the energy of flydubai’s various community in addition to its robust and agile enterprise mannequin.
Commenting on the announcement of the airline’s Monetary Outcomes, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, mentioned: “flydubai continues to push boundaries and attain new milestones year-on-year. In its younger, however impactful, journey, it has emerged as a key participant within the aviation business in Dubai and the area. Its enterprise mannequin is constructed on strong foundations and an unwavering dedication to supporting Dubai’s financial and tourism imaginative and prescient. Forging invaluable air hyperlinks to underserved markets has supported Dubai’s thriving aviation hub, making Dubai probably the most accessible and related cities on the planet. Now we have seen proof of the optimistic influence flydubai has within the markets it operates to, stimulating free flows of commerce and tourism and appearing as a lifeline throughout difficult instances.
flydubai is well-placed for continued development and success within the subsequent chapter of its journey because it expands its horizons and operations, continues to spend money on innovation and delivers an enhanced buyer expertise over the approaching years. This might not have been attainable with out the UAE’s visionary management and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who’ve created the framework for a safe and secure atmosphere, progressive insurance policies and world-class infrastructure that foster success.”
flydubai reported a year-on-year improve of 15% in its EBITDA at AED 4.1 billion (USD 1.1 billion), reflecting the enterprise’s robust deal with operational and value effectivity, digitalisation and ongoing funding in enhancing buyer expertise. Gasoline price accounted for 28% of working prices in 2024 in comparison with 32% in 2023, as a consequence of a decrease common gas value. The airline reported a closing money and financial institution steadiness (together with pre-delivery funds) of AED 4.7 billion (USD 1.3 billion).
The airline carried 15.4 million passengers in 2024, up 11% in comparison with 2023. General capability, measured in Out there Seat Kilometres (ASKM), elevated by 10%, Passenger Load Issue elevated by 1.2 share factors and Passenger Yield improved with a rise of 1%. This was pushed by elevated demand for each enterprise and leisure journey round its community. flydubai’s Enterprise Class providing continued to draw extra clients, recording an 18% improve in uptake throughout its community, carrying nearly half 1,000,000 passengers in 2024.
Ghaith Al Ghaith, Chief Government Officer at flydubai, commenting on flydubai’s 2024 Full-12 months Outcomes, mentioned: “our record-breaking monetary efficiency, for the fourth consecutive 12 months, demonstrates our continued potential to develop our enterprise and navigate tough financial and geopolitical challenges by way of ahead planning, drawing on our energy to adapt and evolve to the altering market and buyer wants. Our collaborative method with our key stakeholders and agility stay key drivers to this success, in addition to the collective effort of our individuals who have been instrumental to it.”
Our community: the provider needed to reevaluate its route improvement plans and implement frequency revisions throughout the community as a consequence of ongoing challenges with plane supply schedules in 2024. Regardless of its lowered enlargement plans, flydubai grew its community in 2024 to 131 locations in 55 nations, 97 of which had been underserved markets. The provider reinstated two operations to Al Jouf in Saudi Arabia and Sochi in Russia. Moreover, it added 10 new locations together with 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 in addition to The Purple Sea in Saudi Arabia. Seasonal summer season operations, between June and the top of September, continued to draw extra passengers to the provider’s 9 locations on supply.
Our fleet: by the top of December, the variety of plane in flydubai’s fleet was 88, with an common fleet age of 5.3 years. 4 Boeing 737 MAX 8 plane had been delivered within the first half of 2024, which had been from the backlog of earlier years and confronted in depth delays. flydubai didn’t obtain any of the plane that had been contractually scheduled to be delivered in 2024 as a consequence of ongoing challenges with Boeing’s supply schedule. The provider prolonged the lease on 4 Subsequent-Era Boeing 737-800 plane which had been scheduled to be returned to the lessors.
flydubai’s present order guide stands at 127 Boeing 737 plane to be delivered over the subsequent decade along with 30 Boeing 787 Dreamliners, following its first wide-body plane order valued at USD 11 billion, ranging from 2027.
Sustainability: flydubai is dedicated to supporting the UAE’s Internet Zero by 2050 strategic initiative. With restricted viable options at present accessible to considerably scale back carbon emissions within the business, the airline continues to depend on its younger fleet of 737 MAX 8 plane to understand lowered carbon emissions, which is 14% extra gas environment friendly in comparison with its predecessor. That is coupled with important investments within the newest applied sciences to enhance operational effectivity in addition to adopting a paperless method for cargo and digitalisation throughout the enterprise.
Our buyer expertise: flydubai rolled out a multimillion-dollar fleet retrofit challenge in January 2024 for a full cabin refresh for 25 Subsequent-Era Boeing 737-800 plane and efficiently retrofitted 17 plane, with the set up of the provider’s flagship lie-flat Enterprise Class seats and the brand new technology of its Economic system Class seats that mirror the cabin product on its newer plane. All of the retrofitted plane had been outfitted with Inflight Leisure to make sure a extra cohesive and constant journey expertise for passengers throughout the fleet.
Within the second half of the 12 months, the provider inaugurated its devoted Enterprise Class check-in space and new Enterprise Class Lounge at Terminal 2, Dubai Worldwide (DXB). The numerous funding underscores the dedication to enhancing its buyer expertise each within the air and on the bottom. The airline additionally applied plenty of inflight enhancements together with its menus and Inflight Leisure content material.
Our partnerships: flydubai continued to forge agreements with new airways to broaden its community of interline and codeshare companions. In 2024, the provider signed new interline agreements with Batik Air, Condor and SriLankan Airways, rising its portfolio to 36 interline agreements along with its three codeshare agreements with Air Canada, Emirates and United Airways.
Nearly 2.3 million codeshare passengers loved seamless connectivity throughout the joint Emirates and flydubai community of 235 locations in 101 nations through Dubai’s main aviation hub in 2024.
Our workforce: to put the foundations for additional development, the airline’s ongoing recruitment drive has resulted in an expanded workforce of 6,089 staff. The provider continued to spend money on its inhouse capabilities and additional develop its coaching programmes together with the UAE Cadet Programme, Engineering Apprenticeship and numerous UAE Nationwide Improvement programmes and acquired the GCAA CAR 147 Accepted Upkeep Coaching Organisation Certification in December 2024.
Business recognition: in 2024, flydubai acquired the 4-Star Main Airline ranking by APEX, an affidavit to the evolution of its enterprise mannequin over time. The provider was additionally named “Airline with the Finest Connectivity within the Center East” on the Enterprise Traveller Center East Awards and acquired the Aviation Innovation Awards’ “Distinctive Merchandise and Companies Innovation” accolade.
Outlook assertion for 2025
Ghaith Al Ghaith, Chief Government Officer at flydubai, commenting on the outlook for 2025, mentioned: “we’re wanting ahead to a different optimistic efficiency this 12 months the place we’ve got laid robust foundations for additional development. Our strategic plans are extremely influenced by the producer’s potential to ship on their promise to convey the plane supply schedules again on monitor and clear the backlog. flydubai will obtain 12 new Boeing 737s in 2025 to proceed rising its fleet, exchange a few of its present plane and assist its community enlargement plans.
We’re well-versed in managing exterior challenges equivalent to rising inflation, provide chain disruptions in addition to geopolitical tensions. Our focus will likely be on transformation and innovation by way of additional funding in applied sciences that can assist our sustainability efforts, enhance operational efficiencies and strengthen our inhouse capabilities. We stay up for realising the complete potential of our new Flight Coaching centre and rising our inhouse capabilities with the launch of Cabin Crew Coaching Organisation (CCTO) in addition to Airline Transport Pilot License (ATPL).
Our clients will proceed to be on the coronary heart of the whole lot we do. Various tasks are underway that can see our buyer expertise taken to a brand new degree at each contact level.
Projections spotlight that demand for journey continues to be on the rise and our enterprise mannequin over time has developed to fulfill this demand, creating a really distinctive value-driven providing coupled with rising direct connectivity to Dubai.”
Full 12 months 2024 Efficiency
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Key efficiency figures for:
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Reporting interval for
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Complete annual income
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AED 12.8 billion (USD 3.5 billion) (15% improve in comparison with 2023)
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Complete annual revenue earlier than Tax
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AED 2.5 billion (USD 674 million) (16% improve in comparison with 2023)
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Complete annual revenue after Tax
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AED 2.2 billion (USD 611 million)
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Complete money belongings, together with pre-delivery funds
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AED 4.7 billion (USD 1.3 billion)
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RPKM[1] (% development)
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12%
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ASKM[2] (million)
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44,503 (10% improve in comparison with 2023)
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Passenger numbers
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15.4 million (11% improve in comparison with 2023)
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EBITDA [3]
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AED 4.1 billion (USD 1.1 billion)
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Cargo tonnage carried
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46,464
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Gasoline prices
% Of complete annual working prices
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28%
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Fleet dimension
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88
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Common plane age
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5.3 years
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Complete variety of departures
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119,053 (10% improve in comparison with 2023)
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Complete variety of staff
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6,089
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Complete variety of locations
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131
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