Etihad predicts ‘remarkable’ year after profitable 2023 

  • Date: 13-Feb-2024
  • Source: AGBI
  • Sector:Technology
  • Country:UAE
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Etihad predicts ‘remarkable’ year after profitable 2023 

Etihad Airways has told staff that it made a profit last year, helped by “milestone” revenues of $5.5 billion, and is expecting a “remarkable” performance in 2024, AGBI has learned.  In an internal memo sent on January 25, which followed a presentation by chief executive Antonoaldo Neves, the company predicted that revenues would reach $6.5 […]

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Etihad Airways has told staff that it made a profit last year, helped by “milestone” revenues of $5.5 billion, and is expecting a “remarkable” performance in 2024, AGBI has learned. 

In an internal memo sent on January 25, which followed a presentation by chief executive Antonoaldo Neves, the company predicted that revenues would reach $6.5 billion this year “if all goes to plan”. 

The UAE’s national carrier “achieved profitability” in 2023, the memo said, without mentioning a figure. 

AGBI has contacted Etihad for comment.

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The memo also said the company intends to add 2,000 staff and 14 aircraft in 2024. “Following careful consideration”, it will reactivate three more of its grounded A380 super-jumbos –