Abu Dhabi-based Etihad Airways has reported profits of $368M for the first nine months of 2024, up by 66% over the same period in 2023.

Etihad Airways has said that its network expansion strategy and significant business growth in its cargo division have allowed the airline to grow its revenues by 21%, resulting in a substantial increase in profitability.

Etihad Airways reported a profit after tax of Dh1.4 billion (U.S. $368 million) for the first nine months of 2024, marking a substantial rise from Dh814

An Etihad Airways plane lands at Heathrow during Storm Isha in London. DUBAI (Reuters) - Abu Dhabi carrier Etihad Airways reported a 66% increase in net profit in the first nine months of the year, helped by a double-digit increase in passenger traffic.

Etihad Aviation Group CEO Antonoaldo Neves said: "We are happy to report a strong performance for the first nine months of the 2024 financial year, with a 21 percent increase in revenue and a 66 percent increase in profit after tax compared to the same period in 2023."

Middle Eastern carrier Etihad Airways is crediting a strong summer season, following network expansion, for a substantial improvement in profitability at the nine-month mark. The Abu Dhabi-based operator - which has extended its network to 83 destinations - says it also achieved "significant growth" in its cargo activities,

Etihad Airways reported a 66 per cent surge in profit in the first nine months of the year, driven by double-digit passenger traffic growth and robust cargo demand as the Abu Dhabi-based carrier prepares for a possible initial public offering (IPO).

Etihad results. This growth was driven by a strong summer season as a consequence of the successful execution of our network expansion strategy, alongside significant growth