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.

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.

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 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

Etihad Airways has announced its financial results for the nine months ending September 30, achieving AED1.4bn ($368m) profit after tax, a significant increase from AED814m ($222m) during 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).