Abu Dhabi’s Etihad Airways Q1 profit soars to Dh526m as passenger numbers spike by 41%

Total revenues increased by Dh987 million from Dh4.75 billion to Dh5.73 billion
Abu Dhabi: UAE’s flag carrier Etihad Airways posted its Q1 2024 results on Thursday, recording a profit after tax of Dh526 million, marking a significant improvement over the Q1 2023 profit of Dh 59 million. This airline, owned by Abu Dhabi Development Holding Company (ADQ), attributed its robust profits—unusual for airlines in the first quarter—to strong passenger demand and expanded network capacity.
Total revenue also saw a notable rise, increasing by Dh 987 million, from Dh4.7 billion in Q1 2023 to Dh 5.7 billion in Q1 2024.