Etihad Airways records $143 million profit for 2023

Etihad Airways has reported a $143 million net profit in its full year results for 2023, a significant increase from 2022’s net profit of $25 million. It reported $5.5bn in revenues for the year, up from nearly $5bn in 2022. Passenger revenue contributed to this increase, with it rising from $3.5bn in 2022 to $4.5bn in 2023. However, cargo revenue was down from $1.5bn in 2022 to $914 million in 2023, with the airline noting a cooling of post-Covid cargo yields. Etihad’s load factor was up four percentage points to 86% in 2023. The airline also saw passenger numbers surge