Etihad Airways Reaches New Heights: 18.5 Million Passengers and a Profit of About $476 Million

Etihad Airways showcases impressive performance in 2024 with record profit.

Etihad Airways released its 2024 results, demonstrating exceptional financial and operational performance across all key metrics.

The company posted a post-tax profit of 1.7 billion dirhams ($476 million), thanks to passenger revenues of 20.8 billion dirhams ($5.7 billion) and cargo revenues of 4.2 billion dirhams ($1.1 billion), alongside significant efficiency improvements.

Growth in Passenger Numbers and Increased Revenue

Etihad flew 18.5 million passengers in 2024, a 32% increase compared to the previous year, thanks to strong demand and network expansion.

Available seat kilometer (ASK) increased by 28%, and seat occupancy improved to 87%, compared to 86% in 2023.

Total revenues grew by 25% compared to the previous year, reaching 25.3 billion dirhams ($6.9 billion), with passenger revenues jumping by 4.2 billion dirhams ($1.1 billion).

Cargo operations also expanded, with a 12% increase in cargo volume and pricing improvements in the second half of the year.

Photo: Etihad

Network and Fleet Expansion

In 2024, Etihad operated 1,700 weekly flights, increased the frequency on 25 routes, and launched over 20 new destinations, including Boston, Bali, and Nairobi.

More than 10 additional cities will join the network in 2025. The company also expanded its aircraft fleet with 12 new planes, including six A320 NEOs and the return to service of the fifth A380.

Etihad Airways confirmed a 3 billion dirhams upgrade plan, the largest in its history, to enhance cabin comfort and flight experience.

A new support center was established for premium passengers, alongside over 200 digital upgrades! on the website and app. The Etihad Guest loyalty program reached a milestone of 10 million members.

The company received several industry awards, including best cabin crew, best customer experience, best economy class, and environmental airline of the year for the third consecutive year.

Growth in Workforce and Financial Strength

The company increased its workforce to over 11,000 employees, with 2,000 new hires and 1,500 promotions. Emirati nationals now make up 20% of the employees. Financially, EBITDA reached 4.7 billion dirhams ($1.3 billion), a 32% increase compared to the previous year, with net financing costs down by 80% due to improved company balance sheets.

A Look to the Future

With a strong financial position and ambitious expansion plans, Etihad continues to strengthen its global presence while supporting Abu Dhabi's tourism and connectivity goals.

The company emphasizes that "it is committed to continuing to grow profitably and sustainably while providing an exceptional flight experience to its customers worldwide."