Etihad Airways reported a 30% y-o-y increase in net income to AED 685 mn in 1Q 2025, according to an earnings release. Total revenues rose 15% y-o-y to AED 6.6 bn, driven by strong performance across both passenger and cargo operations.

In cargo terms: Cargo revenue increased by 8% y-o-y to AED 958 mn, attributable to improved cargo yields despite a 4% drop in the volume of goods transported, which stood at 154k tons in 1Q 2025.

On the operations side, Etihad ended the quarter with 98 aircraft in service, including the return of its sixth A380 and the delivery of a new A350-1000. The passenger load factor improved by one percentage point to 87%.

A hefty orderbook: The firm just recently said it will invest USD 14.5 bn to acquire 28 Boeing 787 and 777X aircraft during US President Donald Trump’s visit to Abu Dhabi, as it looks to meet its target of a 170-aircraft fleet by 2030. The carrier aims to add 22 aircraft to its fleet this year, including 10 Airbus A321LRs, six Airbus A350s, and four Boeing 787s, Neves was quoted as saying last April.

What’s next? Etihad is set to launch 16 new routes in 2025 as part of broader efforts to support network growth. The firm has also been gearing up for an IPO.

What they said: “We are proud to deliver a record-breaking quarter — both in profitability and in guest satisfaction… Achieving our highest-ever 1Q profit of AED 685 mn and our best-ever customer satisfaction scores reflects the strength of our business and the dedication of our people,” CEO Antonoaldo Neves said.

ICYMI: Etihad Airways’ net income after tax surged threefold to AED 1.7 bn in FY 2024, while revenues climbed 25% y-o-y to AED 25.3 bn, driven by a 25% rise in passenger revenue to AED 20.8 bn.

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