Launched 15 new destinations, added 14 aircraft including four A380s
Etihad Airways today announced its results for the full year 2023, recording AED 1.4bn (US$ 394 million) operating result, driven by AED 4bn (US$ 1.1bn) year-on-year growth in passenger revenue, while decreasing unit cost excl. fuel by seven per cent, marking a significant improvement in passenger business profitability.
The airline carried 14mn passengers last year, up ~40 per cent from the year before, underlining continued robust demand for travel across its growing network, with an overall load factor of 86 per cent, compared to 82 per cent in 2022. Total revenue reached AED 20.3bn (US$ 5.5bn) in the year ended 31 December 2023, compared to AED 18.3bn (US$ 5.0bn) in 2022.
Through 2023, the airline launched 15 new destinations, including Lisbon, Copenhagen, Kolkata and Osaka, and grew its operating fleet by 14 aircraft, to support ~30 per cent growth in Available Seat Kilometres (ASKs).
“The team has continued to make our airline stronger and more efficient, while delivering extraordinary customer experiences,” remarked Mohammed Ali Al Shorafa, Chairman, Etihad Aviation Group.
“This accomplishment underscores our commitment to sustainable, profitable growth, robust cost control and operational efficiency,” Antonoaldo Neves, Chief Executive Officer, Etihad Airways.
