Photo: Etihad The 2025 results are out: Etihad Airways delivered the strongest financial and operational performance in its history, marking a fourth consecutive year of profitability.
Over the past year, the company carried 22.4 million passengers, marking a 21% increase in capacity, while seat kilometers reached 111.5 billion. The load factor rose to 88.3%, up by 2.3% from the previous year.
The company's revenue totaled AED 30.7 billion ($8.4 billion), up 21% from last year. Passenger revenue grew by 24% to AED 25.8 billion ($7 billion), thanks in part to increased capacity, stable demand, and an improvement in average yield.
Cargo activity also showed growth. The expansion of the aircraft fleet increased cargo capacity in the belly of passenger aircraft and strengthened the company's integrated model.
EBITDA increased by 37% to AED 6.3 billion, with a profitability ratio of 20%. Net profit after tax amounted to AED 2.6 billion ($698 million), an increase of 47% from the previous year, and a net profit ratio of 8.4%. This is more than double the global industry average of 3.9%, according to IATA data from December 2025.
Cash flow from operating activities reached almost AED 8 billion (more than $2 billion), allowing the company to fully fund annual capital investments and reduce leverage.
In December 2025, the company received a second consecutive credit rating upgrade from Fitch Ratings to AA-, the highest public rating among airlines worldwide.
At the same time, the company strengthened its contribution to tourism in Abu Dhabi. Passenger traffic to and from the destination increased by 900,000 passengers to 5.5 million, compared to 4.6 million in 2024. The company's "stopover" program hosted 170,000 visitors, more than double the previous year.
The full data:
Photo: Etihad