Etihad Airways Reports $143 Million Profit in 2023, Signaling Recovery

The Abu Dhabi-based airline's financial turnaround is attributed to a significant increase in passenger numbers, marking a departure from previous years' losses.

• Etihad Airways announced a $143 million profit for 2023, a substantial improvement from its $25 million profit in 2022.
• The airline's revenue rose to $5.5 billion in 2023, up from $4.9 billion the previous year.
• A total of 14 million passengers flew with Etihad in 2023, compared to 10 million in 2022.
• The airline's CEO, Antonoaldo Neves, emphasized the importance of continuing growth strategies and pursuing further margin expansion opportunities.
• Etihad's network now spans 72 locations with a fleet of 85 aircraft, despite previous years of financial struggles and aggressive expansion efforts.

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