flydubai is on an upswing.
The Dubai-based airline posted a profit of Dh841 million last year, as demand for travel saw a surge after restrictions were relaxed.
It incurred a loss of Dh712.6 million in 2020 after international closures were imposed because of the Covid-19 pandemic.
The airline’s revenue shot up to 86 per cent to Dh5.3 billion.
The profit figures even topped the Dh198.2 million that was reported in 2019.
“With the lifting of restrictions across our network and increasing demand for travel, we are cautiously optimistic about the year ahead notwithstanding the geopolitical situation and its potential effect on the pricing of commodities,” CEO Ghaith Al Ghaith reportedly said.
“As the momentum for travel continues to build, we will increase frequencies and introduce new destinations on our network during 2022,” he added.
During the year, the carrier carried 5.6 million passengers, a 76 per cent rise from the last year. The number of flights surpassed pre-pandemic levels in December with 6,430 flights operating.