Etihad Airways: A Year of Unprecedented Growth and Expansion
In a significant stride towards expanding its global footprint, Etihad Airways has proudly announced its remarkable achievements for the year 2023. Demonstrating substantial growth, the airline reported an operating result of AED 1.4 billion (USD $394 million), buoyed by a passenger revenue increase of AED 4 billion (USD $1.1 billion) and a 7% reduction in unit cost excluding fuel. This financial success underscores Etihad's commitment to operational efficiency and sustainability.
2023 saw Etihad soar to new heights, carrying 14 million passengers, marking a ~40% increase from the previous year. The airline's network blossomed with the launch of 15 new destinations, including notable cities like Lisbon and Osaka, facilitated by the addition of 14 aircraft to its fleet. This expansion reflects Etihad's dedication to enhancing global connectivity and offering unparalleled service to its customers.
The airline's focus on modernization and efficiency is evident in its operation of a fleet where 78% are new generation aircraft, contributing significantly to reduced emission goals. Moreover, Etihad's financial health strengthened, with a notable decrease in net leverage, illustrating robust cash-flow generation and controlled capital expenditure.
His Excellency Mohammed Ali Al Shorafa and CEO Antonoaldo Neves both highlighted the dedication of the Etihad family in achieving these milestones, emphasizing the airline's relentless pursuit of excellence and customer satisfaction.
The opening of the state-of-the-art Zayed International Airport further elevated Etihad's customer experience, setting a new benchmark for service quality. As Etihad Airways moves forward, it continues to focus on growth, network expansion, and delivering exceptional travel experiences, reinforcing its position as a leader in the global aviation industry.