Etihad Airways has reported an after-tax profit of AED1.4bn/$368m for the first nine months of this year; up 66% on the corresponding period last year.
The Abu Dhabi airline’s revenue for the nine months to the end of September was up 21%, year-on-year, at AED18.4bn/$5bn. Within that, passenger revenue was up 21% to AED15.2bn/$4.1bn.
Actual passenger volumes were up 35%, year-on-year, at almost 14 million passengers.
Antonoaldo Neves, Chief Executive of Etihad Aviation Group, said: “We are happy to report a strong performance for the first nine months of the 2024 financial year, with a 21% increase in revenue and a 66% increase in profit after tax compared to the same period in 2023. This impressive growth is driven by strong results in both passenger and cargo revenues, underscoring the effectiveness of our strategy and the strength of our growth trajectory, where we are also seeing ongoing improvements in customer satisfaction.
“Our operating fleet continues to expand, with all six A321NEOs scheduled for delivery in 2024 now in service. Despite the continued global aircraft shortage, our fleet has grown to 95 aircraft, an increase of 16 aircraft compared to the same time last year.
“Our rolling 12-month passenger count has reached nearly 18 million, marking an increase of nearly 80% compared to 2022 and underscoring the pace of our growth over the past two years. We’ve also extended our network to 83 destinations as of September, up from 72 a year ago, with further growth expected by year-end.
“We are also proud to report that, alongside our growth, we continue to invest in and develop our people. This year, we successfully relaunched our cadet program and promoted more than 1,000 pilots and crew members, empowering them with the skills and experience needed to continue delivering excellence in service to our customers.
“We extend our heartfelt thanks to our customers for their continued trust and support. We are committed to enhancing their travel experience to be the airline that everyone wants to fly.
“I also want to express my sincere gratitude to our team. Their hard work and dedication at every point of our customer journey and coming together for a purpose has been crucial in achieving these results. Together, we’ve made a significant impact, and I thank them for their commitment.”
