Etihad Airways has achieved in Q1 2024 net income of AED526 million ($143.2 million). This represents a substantial improvement compared to the same period in 2023, setting a strong foundation for the 2024 fiscal year.
The Abu-Dhabi based company experienced a noteworthy surge in total revenue, which rose by AED987 million ($268.7 million) from Q1 2023 to Q1 2024.
Revenue climbed from AED4.752 billion ($1.29 billion) to AED5.739 billion ($1.56 million) during this period.
This increase can be attributed to the expansion of their network capacity and the rise in the number of passengers.
Recently, Etihad Airways established reciprocal interline partnerships with five additional airline partners, significantly expanding the range of travel options available to its passengers within its growing global network.
Over the course of the quarter, Etihad Airways transported 4.2 million…