Budget carrier FlyDubai takes off with $229M profit for 2021
FILE - Israeli tourists leave a flydubai plane which departed from Ben-Gurion International Airport in Tel Aviv and landed in Dubai, United Arab Emirates, Nov. 8, 2020. FlyDubai on Monday, March 7, 2022, reported a $229 million profit last year as the state-owned budget carrier saw its business rebound from the coronavirus pandemic and as regulators allowed it to again fly the Boeing 737 Max. The carrier said Tel Aviv was one of its top routes across its network in 2021.
The sister airline to long-haul carrier Emirates also carried 5.6 million passengers, up from 3.2 million in 2020. The airline's revenues still aren't back to its pre-pandemic 2019 results of $1.6 billion, with profits of $54 million.The planes were grounded worldwide in March 2019 following the crashes of a Lion Air flight near Jakarta on Oct. 29, 2018, and an Ethiopian Airlines flight on March 10, 2019, which killed a total of 346 people.
FlyDubai had been one of the biggest customers of the 737 Max. The Boeing 737 is a workhorse for the airline, which along with long-haul carrier Emirates is owned by the government’s Investment Corporation of Dubai. The two carriers also operate code-share flights, increasing traffic on FlyDubai routes.FlyDubai now also flies to Israel after the United Arab Emirates diplomatically recognized the country in 2020. The carrier said Tel Aviv was one of its top routes across its network in 2021.
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