Etihad delivers record nine-month profit of Dhs1.7b

Etihad Airways has continued its record-setting performance, achieving its strongest nine-month results in history and sustaining growth across all core business areas. The performance highlights the airline's growth, rising customer satisfaction, and continued efficiency improvements.

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Profit after tax reached Dhs 1.7 billion (U.S.$ 463 million) for the first nine months of 2025, up 26% compared to the same period last year, lifting the airline's profit margin to 8 per cent, compared to 7% for the same period last year.

Total revenue rose 18% year-on-year to Dhs 21.7 billion (U.S.$ 5.9 billion), supported by strong performance across both passenger and cargo segments. Passenger revenue increased 20% year-on-year to Dhs 18.2 billion (U.S.$ 4.9 billion), reflecting the airline's increased capacity and enhanced network. Cargo revenue grew to Dhs 3.2 billion (U.S.$ 875 million), driven by improved capacity and higher volumes (+6% year-on-year).

Operating performance remained robust, with EBITDA increasing 27% year-on-year to Dhs 4.3 billion (U.S.$1.2 billion), translating to an improved EBITDA margin of 20%, +1pp compared to the same period last year. Strong cash generation continued, with operating cash flow reaching nearly Dhs 6 billion (more than U.S.$ 1.5 billion), an increase of more than 40% compared to last year.

Etihad carried 16.1 million passengers in the first nine months of 2025 - the highest ever in its history - an 18% increase year-on-year, supported by a 17% rise in capacity and a higher load factor of 88% (+1pp year-on-year).