Etihad Airways posted its financial results for the first nine months of the year, reporting a profit of 1.4bn dirhams ($381.2 million), up from 814 million dirhams ($221.6 million) in the equivalent period last year.
Total revenues increased 21% to 18.4bn dirhams ($5bn) in the first nine months. Passenger revenue was up 21% to 15.2bn dirhams ($4.1bn), and cargo revenue was up 21% to 3bn dirhams ($816.8 million).
The airline's passenger capacity was up 35% over last year and had a passenger load factor of 87%, up one percentage point. The airline also reduced its cost per available seat kilometre (CASK) excluding fuel by 8% compared to the same period last year.
“Our operating fleet continues to expand, with all six A321NEOs scheduled for delivery in 2024 now in service," said Etihad Aviation Group CEO Antonoaldo Neves. “Despite the continued global aircraft shortage, our fleet has grown to 95 aircraft, an increase of 16 aircraft compared to the same time last year.”