Profit Before Tax: AED 2.5 billion (USD 674 million), a 16% increase compared to 2023.
Annual Revenue: AED 12.8 billion (USD 3.5 billion), a 15% surge from the previous year.
Passenger Numbers: 15.4 million passengers, an 11% increase from 2023.
Capacity Increase: 10% increase in Available Seat Kilometers (ASKM) to 44,503 million, solidifying its position as the second-largest carrier operating out of Dubai International Airport (DXB).
Flydubai has announced the best financial performance in its 15-year history, despite a lack of new aircraft capacity due to delayed deliveries. The airline ended its fiscal year on December 31, 2024, with a pre-tax profit of AED 2.5 billion ($681 million), up 16% from 2023.
Financial Performance
Indicator
2024
2023
Change
Total Annual Revenue
AED 12.8 billion (USD 3.5 billion)
AED 11.2 billion (USD 3 billion)
15% increase
Total Annual Profit Before Tax
AED 2.5 billion (USD 674 million)
AED 2.1 billion (USD 572 million)
16% increase
Total Annual Profit After Tax
AED 2.2 billion (USD 611 million)
Not specified
–
EBITDA*
AED 4.1 billion (USD 1.1 billion)
Not specified
–
*EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortisation
Operational Performance
Indicator
2024
2023
Change
Passenger Numbers
15.4 million
13.8 million
11% increase
ASKM* (million)
44,503
40,292
10% increase
RPKM* Growth
12%
29.7%
Decrease
Cargo Tonnage Carried
46,464
Not specified
–
*RPKM: Revenue Passenger Kilometre
*ASKM: Available Seat Kilometre
Fleet and Operations
Indicator
2024
2023
Change
Fleet Size
88
84
Increase of 4 aircraft
Average Aircraft Age
5.3 years
4.5 years
Increase of 0.8 years
Total Number of Departures
119,053
107,862
10% increase
Total Number of Destinations
131
122
Increase of 9 destinations
Financial Assets
Indicator
2024
2023
Change
Total Cash Assets, Including Pre-delivery Payments
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