Dubai (Union)
flydubai recorded profits of 841 million dirhams during the year 2021, while annual revenues increased by 86% to reach 5.3 billion dirhams, compared to 2.8 billion dirhams in 2020.
According to the data, the number of passengers increased during the past year to reach 5.6 million passengers. With a growth rate of 76% compared to 2020, seat occupancy reached 69%.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of flydubai, said: “The exceptional results achieved by flydubai for the year 2021 come after two challenging years as a result of the Covid-19 epidemic. Thanks to the decisions and directives adopted by the leadership in the UAE, including precautionary safety measures throughout the traveler’s journey, all of this gave tourists confidence to travel to Dubai and the Emirates in general, which led to an increase in the number of travelers by 76% on an annual basis. We continue to be in an excellent position to receive visitors across our network in Dubai and beyond. flydubai is an integral part of the travel and tourism industry in Dubai.”
Commenting on the 2021 annual results, Ghaith Al Ghaith, CEO of flydubai, said: “flydubai’s business model remains strong and has served us well during the pandemic. With the return of demand, these strong fundamentals have translated into a significant improvement in our financial performance. This achievement has been achieved thanks to the unwavering commitment of our employees and the flexibility we enjoy in our business.”
Al Ghaith added: “The challenge that remained throughout 2021 was the constant changes in travel restrictions. This means that travelers did not have the confidence to book travel early, but continued to travel with a shorter booking period before their travel date. During the second half of the year, travel restrictions began to ease which increased the demand for travel across our network. We launched flights to seasonal summer destinations to provide more options for travelers, and the increase in our flight schedule in the second half of the year boosted the demand for travel to Dubai.