Etihad Airways reported a Dh 1.4 billion profit after tax for the nine-month period ending September 30, 2024, marking a substantial improvement from the Dh814 million recorded in the same period of 2023. The airline's total revenue surged 21% to Dh18.4 billion, driven by a robust summer season and significant growth in cargo operations, particularly in the third quarter.
Passenger revenue grew by 21% to Dh15.2 billion, with Etihad carrying nearly 14 million passengers, a 35% increase year-on-year. Available Seat Kilometres (ASK) reached 68.2 billion, up 31% from the previous year. The average passenger load factor improved to 87% from 86% in the same period last year.
Cargo revenue also saw a 21% increase to Dh3 billion, attributed to higher capacity, volumes, and improved yields. Operational efficiencies were maintained, with unit costs decreasing despite higher operating costs due to growth and investments in enhancing the customer experience. Cost per Available Seat Kilometre (CASK) ex-fuel reduced by eight percent year-on-year.
Customer satisfaction continued to rise, with notable improvements including the introduction of Etihad’s fifth A380 and enhanced services at the new Terminal A at Zayed International Airport. Additionally, Etihad expanded flight options with more convenient timings. Following the Joint Business Agreement with China Eastern, Etihad Cargo extended its partnership with SF Airlines to strengthen UAE-China trade by enhancing capacity, transit times, and destination access.
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