Etihad profit more than triples to $476 million before expected IPO

Etihad Airways’ profit soars to $476 million ahead of IPO

Robert Besser
23 Feb 2025, 21:35 GMT+10

Etihad profit more than triples to $476 million before expected IPO

Etihad Airways saw its net profit soar to $476 million last year, more than tripling its earnings as the airline continues its post-pandemic recovery and prepares for potential public listing
The airline’s strong financial performance was driven by $5.7 billion in passenger revenue and $1.1 billion in cargo revenue, supported by operational efficiencies, the company announced on Wednesday
Though Etihad did not confirm IPO plans in its earnings report, sources told Reuters last month that the carrier is exploring an initial public offering (IPO) as early as this quarter

DUBAI, U.A.E.: Etihad Airways saw its net profit soar to $476 million last year, more than tripling its earnings as the airline continues its post-pandemic recovery and prepares for potential public listing.

The airline's strong financial performance was driven by $5.7 billion in passenger revenue and $1.1 billion in cargo revenue, supported by operational efficiencies, the company announced on Wednesday.

"Looking ahead, I am confident we will continue to be a financially strong airline," CEO Antonoaldo Neves said in a statement.

Though Etihad did not confirm IPO plans in its earnings report, sources told Reuters last month that the carrier is exploring an initial public offering (IPO) as early as this quarter. The Abu Dhabi-based airline, owned by the $225 billion state wealth fund ADQ, is reportedly considering selling around 20 percent of its stake to both local and international investors.

Abu Dhabi has been expanding its aviation and tourism sectors as part of broader efforts to diversify its economy beyond oil. Etihad, which launched in 2003, has undergone extensive restructuring in recent years, aiming to strengthen its competitive position against other Gulf carriers.

The opening of a new multibillion-dollar terminal at Abu Dhabi's Zayed International Airport in 2023 tripled the hub's capacity to 45 million passengers annually, providing a strong foundation for future expansion.

Last year, Etihad added more than 20 new destinations to its network and has set ambitious plans to increase its reach to over 125 airports by 2030.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.

More Information

null in null

Business

Section

Etihad Airways’ profit soars to $476 million ahead of IPO

DUBAI, U.A.E.: Etihad Airways saw its net profit soar to $476 million last year, more than tripling its earnings as the airline continues...

Apple unveils budget-friendly iPhone 16e with AI features

Apple launches $599 iPhone 16e, its version of budget AI

CUPERTINO, California: Apple is expanding its lineup with a new budget-friendly device, the iPhone 16e, aiming to attract cost-conscious...

Nikola Corp files for Chapter 11 bankruptcy amid EV industry struggles

Nikola goes bankrupt, to sell assets in the latest EV market turmoil

COOLIDGE, Arizona: Nikola Corporation has filed for Chapter 11 bankruptcy protection, marking another major collapse in the struggling...

Thames water secures legal lifeline, avoids collapse

Judge approves emergency plan to save utility Thames Water

LONDON, U.K.: A judge has approved an emergency financial plan to prevent Britain's largest water company, Thames Water, from collapsing,...

U.S. stocks tumble as Trump policies startle investors

U.S. stock markets sour, Dow Jones dives 749 points

NEW YORK, New York - Concerns over U.S. President Donald Trump's startling diversions from his country's long-held policies, and the...

Southwest Airlines cuts 1,750 corporate jobs in first-ever layoffs

Southwest Airlines slashes 15% corporate workforce, first in 15 years

DALLAS, Texas: Southwest Airlines is laying off 1,750 employees, or 15 percent of its corporate staff, in the company's first significant...

Travel and Tourism

Section

Etihad Airways’ profit soars to $476 million ahead of IPO

DUBAI, U.A.E.: Etihad Airways saw its net profit soar to $476 million last year, more than tripling its earnings as the airline continues...

Southwest Airlines cuts 1,750 corporate jobs in first-ever layoffs

DALLAS, Texas: Southwest Airlines is laying off 1,750 employees, or 15 percent of its corporate staff, in the company's first significant...

Dublin pub sales soar to 69.6 million euros in 2024 boom

20 Dublin pubs sold during 2024 for 69.6 million euros

DUBLIN, Ireland: Dublin's pub market saw a surge in value in 2024, with 20 pubs changing hands for a total of 69.6 million euros—up...

BJP MP Praveen Khandelwal calls for a National religious tourism policy

New Delhi [India], February 23 (ANI): Praveen Khandelwal, Member of Parliament from Chandni Chowk and Secretary General of the Confederation...

61 Heads of Missions to witness mega Jhumoir in Guwahati, along with PM Modi; Check why Assam is showcasing it to the world

Guwahati (Assam) [India], February 23 (ANI): Assam is gearing up to showcase its vibrant tea garden community to the world. 61 Heads...

UP Police conducts inspection on loudspeakers use in Sambhal

Sambhal (Uttar Pradesh) [India], February 23 (ANI): Assistant Superintendent of Police Shrish Chandra informed that the inspection...

Etihad Airways’ profit soars to $476 million ahead of IPO

Watch latest videos

News RELEASES

Business

Etihad Airways’ profit soars to $476 million ahead of IPO

Apple unveils budget-friendly iPhone 16e with AI features

Nikola Corp files for Chapter 11 bankruptcy amid EV industry struggles

Thames water secures legal lifeline, avoids collapse

U.S. stocks tumble as Trump policies startle investors

Southwest Airlines cuts 1,750 corporate jobs in first-ever layoffs

Travel and Tourism

Etihad Airways’ profit soars to $476 million ahead of IPO

Southwest Airlines cuts 1,750 corporate jobs in first-ever layoffs

Dublin pub sales soar to 69.6 million euros in 2024 boom

BJP MP Praveen Khandelwal calls for a National religious tourism policy

61 Heads of Missions to witness mega Jhumoir in Guwahati, along with PM Modi; Check why Assam is showcasing it to the world

UP Police conducts inspection on loudspeakers use in Sambhal

Movie Review

The Light Between Oceans [Blu-Ray]