Hitting New Highs

Hitting New Highs

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  • Flydubai saw a 43% increase in yearly earnings last year thanks to cost-cutting efforts and World Cup shuttle flights, making it the airline's second straight profitable year since the pandemic began. According to a statement released on Wednesday, Emirates' sister airline reported a record full-year profit of $327M in 2022. Around 10.6 million passengers were carried by the airline during that time, an increase of 89% from 2021.
  • The airline will continue to add staff to support its expanding operations in 2023 and invest in new technology and network expansion. Additionally, more than 17 Boeing 737 Max 8 aircraft will be delivered this year, and it will step up its sustainability initiatives.

Why it matters

The record earnings are consistent with the analysis that Dubai's international tourist count is moving closer to pre-pandemic levels. In 2022, there were 14.36 million international visitors, compared to 16.73 million in 2019. The removal of pandemic restrictions, Expo 2020 Dubai, and the regional effects of the FIFA World Cup held in Qatar at the end of the previous year have all made this possible. 


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