An Etihad Airways plane lands at Heathrow during Storm Isha in London. DUBAI (Reuters) - Abu Dhabi carrier Etihad Airways reported a 66% increase in net profit in the first nine months of the year, helped by a double-digit increase in passenger traffic.

Abu Dhabi-based Etihad Airways has reported profits of $368M for the first nine months of 2024, up by 66% over the same period in 2023.

Etihad Airways has said that its network expansion strategy and significant business growth in its cargo division have allowed the airline to grow its revenues by 21%, resulting in a substantial increase in profitability.

Etihad Aviation Group CEO Antonoaldo Neves said: "We are happy to report a strong performance for the first nine months of the 2024 financial year, with a 21 percent increase in revenue and a 66 percent increase in profit after tax compared to the same period in 2023."

Middle Eastern carrier Etihad Airways is crediting a strong summer season, following network expansion, for a substantial improvement in profitability at the nine-month mark. The Abu Dhabi-based operator - which has extended its network to 83 destinations - says it also achieved "significant growth" in its cargo activities,

In the first nine months of 2024, total revenue reached AED 18.4 billion (£3.96 billion), recording a robust year-on-year increase of 21 per cent driven by strong passenger momentum and remarkable cargo business growth.

Etihad, which has undergone massive restructuring over the past seven years, reported a profit after tax of $368m (Dhs1.4bn).

Etihad Airways today announced a AED1.4 billion ($368 million) profit after tax for the first nine months of 2023, a significant 66% increase from AED814 million ($222 million) during the same period in 2023.

Etihad Airways saw net profits climb by 66% to £301 million in the first nine months of the year. The increase from a £175 million net result in the same period in 2023 reflect the airline’s ongoing strategy of driving growth alongside optimising operational efficiencies and improving customer service.

Etihad Airways has reported remarkable financial growth in the first nine months of 2024, achieving a profit of £301 million. This represents a substantial 66% increase from the previous year. The airline’s focus on operational efficiency and enhanced customer service has yielded impressive results.

Etihad results. This growth was driven by a strong summer season as a consequence of the successful execution of our network expansion strategy, alongside significant growth