8.7mn passengers carried over the H1-2024, an increase of 38% over H1-2023
Etihad Airways has announced its H1-2024 results, recording a 48 per cent increase in profit after tax achieving AED 851mn (US$ 232mn million), a significant increase from AED 575mn (US$ 157mn) in H1-2023, highlighting the airline’s continued focus on growth coupled with optimising operational efficiencies.
Total revenue increased 21 per cent to AED 11.7bn (US$ 3.2bn), from AED 9.6bn (US$ 2.6bn) 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. Etihad carried 8.7 million passengers over the first half of the year, up 38 per cent year-on-year.
“This performance reflects a robust performance in both passenger and cargo revenues, demonstrating the soundness of our strategy and growth path,” stressed Antonoaldo Neves, Chief Executive Officer, Etihad Aviation Group.
“We are committed to further enhancing our services and expanding our reach, ensuring Abu Dhabi remains a key global travel hub,” affirmed Mohammed Ali Al Shorafa, Chairman, Etihad Aviation Group.
Cargo revenue in H1-2024 increased by approximately 10 per cent to AED 1.9bn compared to the same period last year, primarily driven by increased demand and increased belly capacity of our fleet.
