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.
Total revenue increased 21% to 18.4 billion dirhams with the airline carrying 13.6 million passengers over the year © X
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.
The state-owned airline made 1.4 billion dirhams ($381 million) as of Sept. 30, it said in a statement on Thursday, compared to 814 million dirhams in the same period a year earlier.
Total revenue increased 21% to 18.4 billion dirhams with the airline carrying 13.6 million passengers over the year, which Etihad said marked a 35% increase compared to the previous year.
The airline has added flights and new routes.
"This impressive growth is driven by strong results in both passenger and cargo revenues, underscoring the effectiveness of our strategy and the strength of our growth trajectory," Chief Executive Antonoaldo Neves said in the statement.
According to Reuters calculations, Etihad made a profit of 549 milliion dirhams for the third quarter ending Sept. 30 and revenue of 6.7 billion dirhams.
Etihad's owner the Abu Dhabi sovereign fund ADQ is considering an initial public offering of the airline next year, sources previously told Reuters.
($1 = 3.6729 UAE dirham)
Writing by Alexander Cornwell
A Gaza family's open admission this week that they killed an officer from the Hamas-run police force after they said a relative was shot dead has added to signs of popular dissent against the militant group after 18 months of war with Israel.
Saudi Arabia has strongly condemned the visit of Israeli National Security Minister Itamar Ben Gvir to the Al-Aqsa Mosque compound in East Jerusalem on Wednesday, calling it a provocation and denouncing what it referred to as “Israeli aggression” against the holy site.
Israel is reeling from a growing political scandal dubbed "Qatargate", involving close advisers to Prime Minister Benjamin Netanyahu, accused of accepting funds from Qatar — a nation that plays a dual role as mediator in the Israel-Hamas conflict and host to Hamas leadership.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.