Etihad Reports Record US$306M Half-Year Profit

‍DALLAS — Etihad Airways (EY) today is reporting its strongest-ever half-year performance. The company delivered both record profitability and passenger numbers in the first six months of 2025. EY states that the results stem from its continued momentum in network expansion, operational efficiency, and enhanced customer experience.

Profit after tax reached AED 1.1 billion (US$306 million), a 32 per cent increase compared to the same period last year. This growth was driven by vigorous customer demand, productivity and efficiency gains, as well as improved yields across both passenger and cargo segments. Total revenue rose by 16 per cent year-on-year, driven by both passenger and cargo revenue (16 per cent and 9 per cent growth, respectively).

EBITDA rose 24 per cent year-on-year to AED 2.7 billion (U.S.$ 739 million), and the EBITDA margin improved to 20 per cent (+1pp year-on-year).

Passengers

Etihad carried 10.2 million passengers in the first half of 2025, a 17 per cent year-on-year increase. This was due in part to a 14 percent rise in Available Seat Kilometers (ASK) and an improved passenger load factor of 87 percent, up 2 percentage points year-over-year. In early July, the airline passed the milestone of 20 million passengers carried over the past 12 months. This doubled the 10 million passengers carried in 2022.

The operating fleet exceeded 100 aircraft, and EY received its sixth Airbus A350 in April. The airline reintroduced a seventh A380 in May. Also in May, Etihad announced an agreement for the purchase of 28 wide-body aircraft from Boeing. In July, the airline added five new aircraft to its fleet, including its first A321LR. This marked the highest number of deliveries the airline has ever received in a single month.

In April, Etihad launched its new A321LR product, bringing wide-body luxury to narrow-body operations. The aircraft entered into service in early August with its inaugural flight to Phuket, offering First Class suites and lie-flat Business seats on medium-haul routes.

As of June 2025, Etihad now serves almost 90 destinations, including year-round and seasonal services, with 27 new destinations announced in 2025 alone.

His Excellency Mohamed Ali Al Shorafa, Chairman of Etihad Airways, said, “With 27 new destinations launched or announced this year alone, Etihad is proud to help position Abu Dhabi as one of the most accessible and connected cities in the world. This growth not only strengthens point-to-point and stopover opportunities but also enhances Abu Dhabi’s role as a gateway for millions of global travelers.”

Customer Satisfaction

Customer satisfaction continued to improve, with gains recorded across airport services, customer experience, and digital platforms. The airline maintained stable unit costs while enhancing service quality, reflecting its commitment to delivering value and excellence to its customers and its shareholders.

“We are proud to deliver another record half-year for Etihad,” said Antonoaldo Neves, Chief Executive Officer of Etihad Airways. “Our strong financial performance and continued passenger growth demonstrate the success of our strategy and the dedication of our people. We are expanding sustainably, investing in premium experiences, and bringing record numbers of visitors to Abu Dhabi through our growing network.

“We are already ahead of the growth levels we set in our strategy, we remain focused on execution, and are committed to expansion built on efficiency, service, and innovation. With new aircraft joining the fleet, new routes opening, and our premium offering flourishing, Etihad is setting new standards in the aviation industry. None of this would be possible without the passion and professionalism of our employees, and I want to thank them for their outstanding contribution.”

In the first half of 2025, the airline welcomed over 1,700 new hires, including more than 100 pilots and approximately 1,000 cabin crew members. Internal career growth was equally strong, with over 1,100 promotions across the business.

“Finally, I want to thank our customers. We look forward to welcoming even more of you on board in the months ahead,” Neves said.

The complete financial report can be found at the airline’s website.

Highlights

• Profit after tax reached AED 1.1 billion (US$306 million), up 32 per cent year-on-year, with profit margin at 8 per cent (+1pp year-on-year)
• Total revenue grew 16 per cent year-on-year, reaching AED 13.5 billion (US$3.7 billion), driven by both passenger and cargo business
• Passenger revenue reached AED 11.3 billion (US$3.1 billion), supported by network expansion and passenger demand momentum
• Cargo revenue rose 9 per cent year-on-year, driven by mild increases in both capacity and yield
• Strong revenue and productivity and efficiency gains boosted EBITDA by 24 per cent year-on-year to AED 2.7 billion (US$739 million), with EBITDA margin at 20 per cent (+1pp year-on-year)
• Strong cash generation, with operating cash flow reaching almost AED 4.0 billion (more than U.S.$ 1 billion), an increase of 27 per cent year-on-year
• Customer satisfaction improved year-on-year, supported by enhancements to the onboard experience, airport services, and digital platforms
• Capacity continued to expand, with ASK growing by 14 per cent year-on-year due to additional aircraft and higher utilization
• Carried 10.2 million passengers, a 17 per cent increase year-on-year, with passenger load factor improving to 87 per cent (+2pp year-on-year)
• Strong network with almost 90 destinations operated as of June 2025, and almost 30 new routes launched or announced so far in the last 12 months, including year-round and seasonal services