Etihad Airways, based in Abu Dhabi, recently announced a record-breaking profit of $476 million in 2024, thanks to improved efficiency and significant international expansion efforts. The airline experienced a 32% increase in passenger numbers, reduced fuel costs, and saw growth in cargo revenues contributing to its successful financial year. While Etihad's profitability still trails behind its local competitor Emirates, which reported $4.7 billion in profits for the same year, the carrier is optimistic about its positive turnaround.

In 2024, Etihad reported profits of $143 million in 2023, and revenues soared to $6.9 billion. The airline served 18.5 million passengers and achieved $1.1 billion in cargo revenues, marking a 24% increase from the previous year. Etihad operated flights to 80 destinations using a fleet of 97 Airbus and Boeing aircraft in 2024, with the addition of six new Airbus A321neos and the return of a fifth A380 to its long-haul fleet.

Etihad CEO, Antonoaldo Neves, expressed pride in the company's achievements, stating, “These results are a testament to the dedication of our people who have worked together for a purpose: delivering our strategy,” The airline is focused on providing exceptional customer experiences, driving profitable growth, emphasizing safety, and maintaining operational efficiency. Neves is confident in Etihad's ability to continue as a financially robust airline and contribute to the UAE's long-term success.

The latest financial success comes at a crucial time for Etihad as it embarks on a significant route expansion program for 2025. Among the new destinations planned are Sochi in Russia, Atlanta, Hanoi, Hong Kong, Taipei, Prague, Warsaw, Algiers, Tunis, Al Alamein, Chiang Mai, Krabi, Medan, and Phnom Penh. Additionally, direct flights between Abu Dhabi and Nairobi in Kenya will be introduced.

The growth in the airline's network aligns with the 2003 launch of Etihad by Abu Dhabi's rulers to compete with Emirates and Qatar Airways. Often known as the “Big Three” carriers in the region, these airlines leverage their strategic geographic position to cater to millions of transit passengers annually, establishing themselves as dominant players in the global aviation industry.