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Etihad posts ‘record’ $296m first-half operating profit

Air
James Chapple
28 July 2022

The boss of Etihad Airways has claimed the Gulf carrier is "emerging from the pandemic stronger than ever" after Etihad posted a record first-half operating profit of US $296 million on Thursday (28 July), returning the carrier to profitability.

The carrier will offer 11 weekly services connecting Abu Dhabi to the US state from 15 November

The result, said Etihad, was achieved despite fuel costs increasing by almost 60% compared with the same period last year when Etihad reported an operating loss of US $392 million for the six months to 30 June 2022.


Etihad carried more than four million passengers during H1 2022, up from just shy of a million last year, on a load factor of 75%, with passenger loads "increasing consistently" during the first six months of the year. It said Abu Dhabi’s decision to further relax its Covid travel restrictions in February contributed to a "strong boost" in passenger volumes.