Etihad Airways reported strong results for the first nine months of 2024, with a profit of AED 1.4 billion. This profit marks a rise from AED 814 million last year. This success highlights the airline’s expansion efforts and cost management, keeping it competitive in the market.
Etihad Airways’ revenue rose to AED 18.4 billion, up by 21% from last year. A booming summer season and expanded routes fueled this growth. Passenger revenue increased by AED 2.6 billion, with nearly 14 million passengers flying. This growth in passengers saw a 31% increase in Available Seat Kilometers (ASK), underscoring the airline’s strong market presence.
Cargo revenue rose by 21%, reaching AED 3.0 billion, backed by higher capacity and volumes. Operational efficiency continued to improve, with an 8% reduction in unit costs per Available Seat Kilometer (CASK) excluding fuel. This efficiency reflects Etihad’s dedication to service quality and cost savings.
The airline’s fleet expanded to 95 aircraft, including six new A321Neos. This larger fleet and added destinations boosted connectivity to 83 locations by September 2024, up from 72 a year earlier.
Etihad Airways continues expanding its network and fleet to meet global demand. This growth in passengers, better load factors, and rising revenue show the airline’s appeal. With its growing market and strategic partnerships, Etihad Airways strengthens its position as a top aviation brand.
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