Etihad Airways reports record $476 million profit for 2024

Etihad Airways reported a record profit of $476 million for the full year 2024, marking a significant turnaround from a profit of just $143 million in 2023. The airline's total revenues reached $6.9 billion, driven by a 32% increase in passenger numbers to 18.5 million and a robust recovery in cargo operations, which generated $1.1 billion in revenue, up 24% year-on-year. The total revenue saw a year-on-year increase of 25%, attributed to enhanced operational efficiency and capacity expansions. In 2024, Etihad introduced over 20 new destinations and expanded its operations to over 1,700 weekly flights, contributing to a passenger load factor of 87%. The airline's CEO expressed confidence in continuing to deliver strong financial performance and exceptional customer experiences, emphasizing the strategic efforts of the team. While the profit remains modest compared to Emirates' $4.7 billion profit, it underscores a positive trajectory for Etihad's future.