Etihad on the rise: historic profit of $476 million for 2024

Etihad Airways, the Gulf carrier, posted a remarkable performance in 2024 with a net income of $476 million, tripling the previous year's results. The company carried 18.5 million passengers and generated sales of $6.9 billion, up 25 %. The freight revenues reached $1.1 billion, reflecting an increase of 24 %. This success strengthens Etihad's position in the airline market, as it confidently prepares for its initial public offering (IPO).

For many, flying is synonymous with escape, discovery and sometimes, a little stress. However, for Etihad Airways2024 marks a spectacular takeoff. The airline announced an exceptional net profit of $476 million. It's a resounding success for this Gulf airline, which continues to expand and diversify.

Financial performance: impressive figures

Etihad Airways not only reached a remarkable milestone with its net profit, but also recorded sales of $6.9 billion, up by almost 25 %. This success is largely due to the relentless growth of its passenger business and the increase in its freight revenues, which amounted to $1.1 billion, up 24 %. With almost 14 million passengers carried in just nine months, the company recorded an increase of 35 %.

Winning strategies

The meteoric rise of Etihad Airways is no accident. The company has relied on a bold strategy of turnaround and sustained development. By optimizing its operations and broadening its offer, it has been able to capture a growing customer base, while avoiding the pitfalls encountered by other players in the sector, such as Norwegian which recently revised its profit forecasts downwards. This growth is also reinforced by strategic alliances, reflected in code-sharing between airlines, a practice explained in detail on Flywest.

Competition in the airline industry

In a context where the airline industry is constantly reinventing itself, the challenges are manifold. Etihad was able to set itself apart, in contrast to other giants such asAirbus which is facing difficulties in certain sectors, notably space. At the same time, other airlines, such as Air France, are looking for innovative solutions by collaborating with various partners, such as the SNCF. Regulatory challenges, such as the rise of the solidarity tax on airline tickets, add a further layer of complexity.

A promising expansion

Etihad's determination to strengthen its global presence seems to be a winning recipe. With ambitious fleet plans and new destinations, the company is positioning itself as a key player on the international scene. Rumors even suggest that Saudi carrier Riyadh Air, recently in talks with Airbus and Boeing to acquire wide-body aircraft, may be following a similar path in terms of growth strategy.

Etihad: Business Performance and Operations 2024

Criteria	Details
Net income	476 million dollars
Sales	6.9 billion dollars
Passengers carried	18.5 million
Freight revenues	1.1 billion dollars
Revenue growth	Increase of 25%
Quarterly profit	368 million for nine months
Increase in net income	Achieved to triple previous year's level
Fill rate	Up sharply by 35%
Upcoming IPO	Targeted to further improve finances

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