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Etihad Airways has said that its network expansion strategy and significant business growth in its cargo division have allowed the airline to grow its revenues by 21%, resulting in a substantial increase in profitability.

An Etihad Airways plane lands at Heathrow during Storm Isha in London. DUBAI (Reuters) - Abu Dhabi carrier Etihad Airways reported a 66% increase in net profit in the first nine months of the year, helped by a double-digit increase in passenger traffic.

Abu Dhabi-based Etihad Airways has reported profits of $368M for the first nine months of 2024, up by 66% over the same period in 2023.

Etihad Aviation Group CEO Antonoaldo Neves said: "We are happy to report a strong performance for the first nine months of the 2024 financial year, with a 21 percent increase in revenue and a 66 percent increase in profit after tax compared to the same period in 2023."

Middle Eastern carrier Etihad Airways is crediting a strong summer season, following network expansion, for a substantial improvement in profitability at the nine-month mark. The Abu Dhabi-based operator - which has extended its network to 83 destinations - says it also achieved "significant growth" in its cargo activities,

In the first nine months of 2024, total revenue reached AED 18.4 billion (£3.96 billion), recording a robust year-on-year increase of 21 per cent driven by strong passenger momentum and remarkable cargo business growth.

Etihad, which has undergone massive restructuring over the past seven years, reported a profit after tax of $368m (Dhs1.4bn).

Etihad Airways has reported remarkable financial growth in the first nine months of 2024, achieving a profit of £301 million. This represents a substantial 66% increase from the previous year. The airline’s focus on operational efficiency and enhanced customer service has yielded impressive results.

Etihad results. This growth was driven by a strong summer season as a consequence of the successful execution of our network expansion strategy, alongside significant growth