{"id":100913,"date":"2025-02-20T00:00:00","date_gmt":"2025-02-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/etihad-airways-net-income-triples-in-2024\/"},"modified":"2025-02-20T00:00:00","modified_gmt":"2025-02-20T00:00:00","slug":"etihad-airways-net-income-triples-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/02\/20\/etihad-airways-net-income-triples-in-2024\/","title":{"rendered":"Etihad Airways\u2019 net income triples in 2024"},"content":{"rendered":"

Etihad <\/strong>Airways\u2019 net income tripled in 2024:<\/strong> Etihad Airways\u2019 net income after tax surged threefold to AED 1.7 bn in 2024, fueled by strong passenger and cargo growth, the ADQ-owned carrier said in a statement<\/a>. Total revenue climbed 25% y-o-y to AED 25.3 bn, driven by a 25% rise in passenger revenue to AED 20.8 bn, supported by network expansion and higher capacity. Cargo revenue surged 24% y-o-y to AED 4.2 bn, supported by a 12% rise in cargo volumes and improved yields in the second half of the year.<\/p>\n

The Abu Dhabi-based airline transported 18.5 mn passengers <\/strong>during the year, marking a 32% y-o-y increase, with passenger load factor edging up to 87% from 86% in 2023. <\/p>\n

Etihad grew its operating fleet to 97 aircraft<\/strong>, adding 12 new planes, including six A320 NEOs and a fifth A380. It also launched 20 new destinations \u2014 including Boston<\/a>, Jaipur<\/a>, Bali<\/a>, and Nairobi<\/a> \u2014 bringing its network to 80 cities, with over 10 set to start operations in 2025. The airline also greenlit an AED 3 bn retrofit program, its largest ever, and launched a dedicated premium call center, aimed at improving cabin experience and customer satisfaction.<\/p>\n

REMEMBER- Etihad is set to hit the ADX as soon as this month: <\/strong>Earlier this month<\/a>, Neves hinted that Etihad Airways could list a 20% stake on the ADX as soon as February. The airline reportedly launched its IPO roadshow in January<\/a>, with the offering expected to raise up to USD 1 bn, valuing the company at USD 5 bn. While an IPO was initially planned for last year<\/a>, Reuters reported in September<\/a> that the idea to present investors with 2024 financial results, along with geopolitical instability, weighed on the timing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Abu Dhabi carrier\u2019s top line surged 25% y-o-y, driven by a 32% y-o-y increase in passenger numbers<\/p>\n","protected":false},"author":1,"featured_media":100914,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1596],"tags":[72,929,1392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-adq","tag-etihad-airways","tag-ipo","wpautop","entry"],"acf":{"mongo_id":"303db5cb-ecfd-4563-bb5a-9faccc561e8a","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/1956.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Etihad Airways\u2019 net income triples in 2024","related_issue":[100893],"teaser":"The Abu Dhabi carrier\u2019s top line surged 25% y-o-y, driven by a 32% y-o-y increase in passenger numbers","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.09526230-d96c-4818-819b-8882a4cc7f40.mp3"},"yoast_head":"\nEtihad Airways\u2019 net income triples in 2024 - 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