Etihad Airways officially reported its strongest-ever annual financial results, posting a record profit after tax of AED 2.6 billion ($698 million) for the full year 2025.
This represents a 47% year-on-year increase compared to its 2024 profit of $476 million, marking the airline’s fourth consecutive year of profitability.
FY2025 Financial & Operational Highlights
The record-breaking year was driven by a massive surge in travel demand and a aggressive expansion of its global network.
| Metric | FY2024 Performance | FY2025 Performance | Growth |
| Total Revenue | $6.9 Billion | $8.4 Billion | +21% |
| Net Profit | $476 Million | $698 Million | +47% |
| Passenger Volume | 18.5 Million | 22.4 Million | +21% |
| Passenger Load Factor | 86.3% | 88.3% | +2pp |
| Operating Fleet | 98 Aircraft | 127 Aircraft | +29 Units |
Strategic Drivers of Success
- Massive Fleet Expansion: 2025 was the largest expansion year in Etihad’s history. The airline added 29 aircraft, including the new Airbus A321LR and additional Boeing 787s, allowing it to increase flight frequencies and open 16 new international routes.
- Network Growth: The airline’s reach expanded from 94 to 110 destinations, with new services to cities like Prague, Warsaw, Atlanta, and Hong Kong.
- Premium Positioning: Sustained investment in First and Business cabins—including fully lie-flat seats on narrow-body aircraft—helped drive a 24% increase in passenger revenue to $7.0 billion.
- Operational Efficiency: Despite the rapid growth, the airline managed to keep unit costs stable while improving its Net Promoter Score (NPS) by 10% through better digital self-service and lounge upgrades.
The Road Ahead: $22 Billion Investment
Alongside the earnings report, Etihad announced a massive long-term capital expenditure plan:
- The “Dh80 Billion” Plan: The airline plans to invest $21.8 billion (AED 80 billion) over the next decade in new aircraft, cabin technology, and ground products.
- Goal 2030: The strategy aims to grow the fleet to 170+ aircraft and serve over 33 million passengers annually by 2030.
- IPO Watch: While today’s results provide a strong foundation for an Initial Public Offering (IPO), CEO Antonoaldo Neves reiterated that the timing remains in the hands of the shareholders (ADQ), with analysts eyeing a potential listing in early 2026.
“Etihad’s performance this year has set a new benchmark… we are already ahead of the growth levels we set in our strategy.” — Antonoaldo Neves, CEO of Etihad Airways.
