UAE’s flydubai has announced its Annual Results for the year ending 31 December 2021. It has reported a profit of AED 841 million (USD $229 million).
The airline reported total annual revenue of AED 5.3 billion (USD 1,434 million) compared to AED 2.8 billion (USD 773 million) in 2020; an increase of 86%.
It said it carried 5.6 million passengers; an increase of 76% compared to 2020, and overall seat factor of 69%.
Commenting on the announcement of the airline’s Full-Year Results for 2021, His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of flydubai, said, “The tremendous results flydubai is reporting for 2021 come after a very challenging two years as a result of the COVID-19 pandemic. The decisions taken by the UAE’s leadership, which saw the implementation of the precautionary safety measures throughout the customer journey, gave visitors the confidence to travel to Dubai; resulting in a 76% year-on-year increase in passenger numbers. We remain well placed to continue to welcome passengers across our network to Dubai and beyond. flydubai is intrinsic to Dubai’s travel and tourism industry.”
Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on flydubai’s 2021 Annual Results, said, “flydubai’s business model remains strong and has served us well through the pandemic. As demand returned these strong fundamentals have translated into a significant improvement in our financial performance. This achievement has been made possible by the commitment of our hardworking employees combined with our business agility.”
Ghaith Al Ghaith, Chief Executive Officer at flydubai, commenting on the travel restrictions that were in place across its network, said, “A challenge that remained throughout 2021 was the constant changes to the travel restrictions. This meant that passengers did not have the confidence to book travel early, however they continued to travel with a shorter booking window ahead of their date of travel.
“During the second half of the year, travel restrictions began to ease which led to an increase in demand for travel across our network. We launched flights to seasonal summer destinations to offer more options for passengers and the increase in our flight schedule in the second half of the year supported the demand for inbound travel to Dubai.”