Etihad Airways Reports Record $476 Million Profit in 2024
Etihad Airways closed 2024 with the highest profit in its history, reporting $476 million in net earnings and transporting 18.5 million passengers. The airline continues to strengthen its position in the Middle East, driven by solid financial growth and expanding market presence.
Etihad Airways has achieved a record-breaking net profit of $476 million in 2024, more than tripling its $143 million profit in 2023. This marks the strongest financial performance in the airline’s history, solidifying its position in the competitive global aviation market.
According to AP News, total revenue surged to $6.9 billion, driven by a 32% increase in passenger traffic, reaching 18.5 million travelers. Additionally, Etihad’s cargo business grew by 24%, generating $1.1 billion in revenue.
Strategic Growth and Operational Efficiency
Etihad Airways CEO Antonoaldo Neves attributed the airline’s success to operational optimizations and rising demand on key routes. “Our transformation has delivered strong results, and we remain committed to efficiency and enhancing the customer experience,” he stated.
Founded in 2003, Etihad Airways currently operates a fleet of 97 aircraft and serves 80 destinations worldwide. These results come at a crucial time, amid speculation about a potential initial public offering (IPO).
A New Era for Etihad
This financial turnaround marks a major shift for Etihad after years of challenges and restructuring. The airline has successfully reversed its financial trajectory in the highly competitive Middle Eastern aviation market, where rivals Emirates and Qatar Airways continue to dominate.
With record profits and strong growth momentum, Etihad Airways is entering a new phase of expansion and financial stability.
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