UAE: FlyDubai announces record profit as Gulf air travel booms
DUBAI, United Arab Emirates (AP) — Budget carrier FlyDubai announced record profits on Wednesday, benefitting from a surge in air travel following the lifting of pandemic restrictions.
The state-owned carrier, based in the business and tourism hub of Dubai in the United Arab Emirates, reported $327 million in profit in 2022, up 43% from the previous year. Annual revenue for 2022 was up 72%, to $2.5 billion, it said.