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Etihad Etihad

Etihad Airways Sours to Record-Breaking First Half

Etihad Airways recently announced its financial and operating results for the first half (H1) of this year, posting a record-breaking core operating profit of USD296 million (H1 2021: USD392 million loss). This result was achieved despite fuel costs increasing by almost 60 percent in comparison to the same period in 2021.

Etihad carried 4.02 million passengers in H1 of this year, over three million more than 2021 (H1 2021: 980,000), with an average seat load factor of 75 percent. Passenger loads increased consistently over the first six months, rising by 21.9 percentage points as travel demand recovered. The airline saw a strong boost in passenger volumes in February as Abu Dhabi further relaxed pandemic-related restrictions.

 Network capacity came in at 24 billion ASKs for H1 of this year, growing by 46 percent compared to 2021 (H1 2021: 16.4 billion), as the airline connected Abu Dhabi to 71 passenger and cargo destinations across 45 countries. The first half of the year saw Etihad launch five summer services, including new seasonal routes to Heraklion on the island of Crete and the French city of Nice.

 Tony Douglas, Group CEO, said, "Thanks to our transformation programme, Etihad is emerging from the pandemic stronger than ever, with a world-class fleet, an unmatched customer proposition and sustainability woven into every fibre of our business. As air travel came roaring back in 2022, Etihad was there to reconnect our customers with their loved ones and take them on their long-awaited vacations, carrying over four million passengers to and from our beautiful home of Abu Dhabi.”