Airline FlyDubai hits record profits of more than £450m

FlyDubai has reported record profits of more than £450 million (Emil Salman/Pool via AP/PA)

The Dubai-based budget carrier FlyDubai saw record profits of 572 million US dollars (£451 million) in 2023, boosted by carrying the most passengers ever across its network, the company has announced.

The state-owned carrier, based in the business and tourism hub of Dubai in the United Arab Emirates, reported revenue of three billion dollars (£2.36 billion), compared to 2.5 billion dollars (£1.97 billion) the year before.