Aviation Etihad Airways’ profit more than triples to almost $500m By Reuters February 19, 2025, 3:38 PM Pexels/Jeffry SS Etihad's profit growth came on the back of almost $6 billion in passenger revenue Etihad Airways’ net profit more than tripled last year to $476 million, the company said on Wednesday as the carrier pushes ahead with plans for an initial public offering. The earnings were boosted by $5.7 billion in passenger revenue and $1.1 billion in cargo revenue, the company said, also citing “significant operational efficiency improvements”. “Looking ahead, I am confident we will continue to be a financially strong airline,” CEO Antonoaldo Neves said in a statement. Etihad Rail train to link Abu Dhabi and Dubai in 30 minutes Wizz Air Abu Dhabi predicts slower growth Aircraft shortages lead Gulf carriers to brace for disruption Last month, Etihad was sounding out investors ahead of a potential offering to local and international investors this quarter, sources previously told Reuters. The state-owned airline is looking at a potential stake sale of around 20%, the sources said. The company did not mention listing plans in its earnings statement. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
