Abu Dhabi's Etihad Airways sees a $143 million profit in 2023 as passenger numbers rise
Abu Dhabi-based Etihad Airways says it saw a $143 million in profit last year, citing an increase in passengers as fueling the gains
By AP News
Published - Mar 06, 2024, 05:35 AM ET
Last Updated - Mar 06, 2024, 05:36 AM EST
DUBAI, United Arab Emirates (AP) — Abu Dhabi-based Etihad Airways announced Wednesday earning a $143 million profit last year, citing an increase in passengers as fueling the narrow profit.
Though slim, it represents success for the long-troubled airline, which like other carriers suffered massive losses during the lockdowns of the coronavirus pandemic.
Etihad saw revenue of $5.5 billion in 2023, compared to $4.9 billion in 2022. Its profit in 2022 was just $25 million. It reported a loss of $478 million in 2021 and a staggering $1.7 billion loss in 2020.
Etihad flew 14 million passengers last year, compared to 10 million the year before.
