UAE Airlines hires 1,000 new employees and records a Dh2.1 billion profit

Flydubai's 2023 profits surged by 75%, reaching a record Dh2.1 billion, propelled by robust organic growth amid the aviation industry's expansion.

The Dubai-based carrier witnessed a remarkable increase in total annual revenue, soaring to Dh11.2 billion in 2023 compared to Dh9.1 billion in the previous year, marking a 23% upsurge.

The airline's workforce expanded to 5,545 employees, with over 1,000 new recruits joining various departments, primarily comprising pilots, cabin crew, and engineers, constituting 73% of the new hires to accommodate the airline's expanding fleet and network. Additionally, Flydubai substantially augmented the number of UAE nationals within its workforce.

The aviation sector in the UAE has emerged as a primary driver of economic growth post-pandemic. Emirates Airlines also achieved record profits, with a 138% increase to Dh10.1 billion in the first half of 2023, attributed to a 31% surge in passenger numbers across its network. Flydubai observed a substantial rise in demand for business class travel in the GCC, Central Asia, and the Caucasus, with a 32% increase, along with a notable surge in passenger numbers on its GCC and European routes.

Flydubai expanded its global footprint by launching 17 new routes, culminating in a network of 122 destinations across 52 countries by the end of 2023. The airline augmented its fleet with the acquisition of 13 new aircraft, bringing the total to 84, comprising Next-Generation Boeing 737-800, Boeing 737 MAX 8, and Boeing 737 MAX 9 aircraft. Notably, Flydubai diversified its fleet with an $11 billion order for 30 Boeing 787 Dreamliners, marking its inaugural wide-body aircraft acquisition.

Despite its stellar performance, fuel costs remained a significant operational expense, constituting 32% of total annual operating costs due to elevated fuel prices. Flydubai faced challenges with aircraft deliveries, resulting in a shortfall of four aircraft in 2023. To address capacity constraints and meet surging demand, the airline entered into an Aircraft, Crew, Maintenance, and Insurance (ACMI) agreement with Smartwings for six wet-leased aircraft.

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Flydubai, lauded the carrier's resilience and contribution to Dubai's economy, while CEO Ghaith Al Ghaith hailed Flydubai's exceptional performance, surpassing pre-pandemic levels to achieve its most profitable year in history.

Read also: UAE fined a Man Dh20,000 for social media account verification scam

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