Thursday, November 14, 2024 Etihad Airways has reported its financial results for the first nine months of 2024, achieving a profit after tax of AED 1.4 billion (USD 368 million). This marks a substantial rise compared to AED 814 million (USD 222 million) during the same period in 2023.
These impressive figures highlight the airline’s continued focus on strategic growth, operational efficiency, and enhanced customer service. Total revenue for the period rose by 21%, reaching AED 18.4 billion (USD 5.
0 billion), compared to AED 15.1 billion (USD 4.1 billion) in the same period last year.
This growth was largely attributed to a robust summer season, successful implementation of the airline’s network expansion strategy, and significant progress in its cargo operations, particularly in the third quarter. Passenger revenue also grew by 21%, reaching AED 15.2 billion (USD 4.
1 billion), fueled by increased flight frequencies and strategic network expansions that bolstered global connectivity. Over the first nine months of 2024, Etihad transported nearly 14 million passengers, a 35% year-on-year increase. Available Seat Kilometers (ASK) rose by 31% to 68.
2 billion, while the average passenger load factor improved to 87%, compared to 86% in the same period last year. Cargo operations saw a 21% increase in revenue, reaching AED 3.0 billion (USD 808 million), driven by greater capacity, higher shipment volumes, and improved yields.
The airline continued to optimize operational effici.
