FlyDubai announces record profit as Gulf air travel booms

Budget carrier FlyDubai announced record profits on Wednesday, March 1, 2023 (Elaine Thompson/AP/PA)

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 dollars (£271 million) in profit in 2022, up 43% from the previous year.