The latest numbers from Etihad Airways shows that they continue to grow strongly in 2024.
For the Abu Dhabi-based carrier, they continue to operate in a strong position that has been evidently shown.
Without further ado, let’s get into it…
Latest Passenger Numbers From Etihad Airways Highlights This…
For February 2024, Etihad Airways handled 1.4m passengers, an increase by 400,000 handled in the same period in 2023.
Load factors jumped up by one per cent for the month, from 88 to 89%.
As for the year-to-date data, this comes in at 2.9m passengers for 2024, with this being 900,000 higher than in 2023.
Furthermore, load factors are one per cent lower for YTD 2024, with this recorded at 87%.
Such growth has been seen through operating five more routes in Feb 2024 and YTD 2024, with this upped from 64 to 69.
Fleet size for YTD 2023 was at 74 aircraft, with this now at 89 for YTD 2024.
Commenting on the strong results was Etihad Airways CEO Antonoaldo Neves:
“In February 2024 we saw a 46 per cent year-on-year growth in customer numbers as we continue our growth strategy”.
“Our year-to-date (YTD) passenger figures at 2.9 million are 40 per cent higher than at YTD February 2023.”
“February was a busy month; we strengthened our fleet, welcoming three new 787-9s, a move which is aligned to our network expansion strategy of adding new destinations and expanding frequencies into key markets.”
“We also announced two additional new routes which will begin this year: to Antalya, Turkey and Jaipur, India, the latter representing our eleventh non-stop connection between Abu Dhabi and the Indian Subcontinent.”
Continuing Off The Back of A Successful 2023…
Such strong figures comes off the back of what was a successful 2023 for Etihad Airways.
Revenues rose from $4.9bn to $5.5bn, with net profits rising from $25m to $143m also.
Passenger numbers for the airline also rose from 10m in 2022 to 14m in 2023, with load factors rising from 82% to 86% respectively.
At that time, this is what Neves had to say on that:
“Following our strong performance in 2023, in which we achieved AED 1.4 billion (U.S.$ 394 million) operating result and a net profit of AED 525 million (U.S.$ 143 million), our task at hand is to further strengthen our business as we continue our growth strategy and pursue further margin expansion opportunities.”
“The execution capability of the Etihad team is outstanding, and it’s thanks to their relentless hard work that we have been able to achieve these results.”
“I am confident we have the best team in the world.”
“This accomplishment underscores our commitment to sustainable, profitable growth, robust cost control and operational efficiency.
“Looking forward, we will continue to deliver on the mandate of our shareholder, which is to be a financially viable airline delivering extraordinary customer experiences.”
Overall…
In conclusion, Etihad Airways continues to soar well in 2024, with this expected to continue in the busy Summer peak.
Looking ahead, all eyes will be on how far the airline can go following this successful turnaround.
With a plethora of new flights expected to launch this year, there is definitely opportunity to expand on this success.
For now, let’s see how the airline performs as we continue to leap through 2024.
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