Abu Dhabi's Etihad Airways more than tripled net profit last year to $476 million, the company said on Wednesday as the carrier pushes ahead with plans for an initial public offering (IPO).

Long-haul carrier Etihad Airways announced Wednesday it made a record $476 million profit in 2024, part of a financial rebound for the Abu Dhabi-based airline. While still a slender profit compared to rival Emirates' record profits of $4.

The airline carried 18.5 million passengers in 2024, up from 14 million in 2023, reflecting sustained demand across its expanding network

The airline had revenues of nearly $6.9bn in 2024, compared to $5.5bnin 2023. Its profit in 2023 was just $143 million.

Etihad Airways soared to new financial heights in 2024, posting a record after-tax profit of AED 1.75 billion ($476 million), more than triple its 2023 performance. This impressive growth was driven by robust passenger and cargo revenues,

Etihad Airways today announced its results for the full year 2024, recording strong performance across all key metrics with an AED1.7 billion (US$476 million) profit after tax driven by AED20.8 billion (US$5.