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Etihad Posts Record Nine-Month Profit as Fleet Growth Lifts Passenger Traffic

Management signals self-funded expansion with no IPO timeline.

Overview

  • Total revenue rose 18% year-on-year to Dh21.7 billion, with passenger revenue up 20% to Dh18.2 billion and cargo up 8% to Dh3.2 billion.
  • Ebitda increased 27% to Dh4.3 billion, reflecting stronger profitability alongside higher capacity and network growth.
  • The airline carried about 16.1 million passengers in the first nine months, an 18% increase, with a load factor of 88%.
  • The operating fleet reached 115 aircraft at the end of September, up 19% year-on-year, driving a third-quarter increase of more than 20% in available seat kilometres.
  • CEO Antonoaldo Neves said the performance validates the strategy and noted Etihad is outpacing the market and contributing nearly half of UAE passenger growth.