ETIHAD AIRWAYS REPORTS 48% INCREASE IN PROFITS TO AED 851 MILLION IN FIRST HALF 2024

Etihad Airways today announced its H1 2024 results, recording a 48 per cent increase in profit after tax achieving AED 851 million (£183 million), a significant increase from AED 575 million (£123 million) in H1 2023, highlighting the airline’s continued focus on growth coupled with optimising operational efficiencies. Total revenue increased 21 per cent to AED 11.7 billion (£2.5 billion), from AED 9.6 billion (£2.1 billion) in H1 2023, mainly due to passenger revenue, which saw a 24 per cent year-on-year increase, reflecting strong demand fuelled by strategic network expansion and increased flight frequencies, consequently further improving connectivity.