Low-cost carrier FlyDubai has achieved a record-breaking profit of $611 million in 2024, marking a 6.8% increase from the previous year. The Dubai-based airline attributed this success to transporting 15.4 million passengers—a post-pandemic high—and strategic fuel cost management. Revenues climbed to $3.5 billion, bolstered by code-sharing synergies with Emirates and uninterrupted operations in volatile markets like Israel.
FlyDubai’s partnership with Emirates continues to reshape Middle Eastern aviation. The carriers’ shared hub at Dubai International Airport, the world’s busiest for international travel, enables seamless connectivity across 131 destinations. Our agility in volatile markets sets us apart, a company executive stated in a
recent investor briefing.
Key growth drivers include:
- 17% year-over-year passenger increase
- Expanded Boeing 737 fleet (88 aircraft)
- Persistent demand for budget travel
Notably, FlyDubai maintained flights to Tel Aviv during the Israel-Hamas conflict, capitalizing on diplomatic ties established through the 2020 Abraham Accords. This decision contrasts with major competitors that suspended routes, positioning FlyDubai as a resilient player in regional geopolitics.
With both airlines owned by Dubai’s government, analysts predict further integration of their networks. As global travel rebounds, FlyDubai’s focus on cost efficiency and strategic route expansion suggests sustained growth in the competitive low-cost sector.
