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Etihad Airways has reported a record profit of $476 million for the year 2024, marking its highest-ever earnings. This financial achievement comes after the airline experienced a 32% increase in passenger numbers compared to the previous year.
The airline had previously faced a series of losses before returning to profitability in 2022. Since then, Etihad Airways has consistently posted profits, culminating in the AED1.7 billion ($476 million) profit recorded last year. In comparison, net profits for 2022 and 2023 were AED525 million ($142.9 million) and AED92 million ($25 million), respectively.
The significant profit growth was attributed to increased passenger revenues totaling AED20.8 billion ($5.7 billion), cargo revenues of AED4.2 billion ($1.1 billion), and operational efficiencies. Throughout 2024, Etihad carried 18.5 million passengers, an increase of 32% from the previous year.
