Etihad Airways has posted record financial results for the year 2025. The Abu Dhabi-based carrier increased its revenue by 21% compared to the previous fiscal year, to AED 30.7 billion (approximately US$ 8.36 billion).
Most of this revenue, AED 25.8 billion (US$ 7 billion), came from the passenger transportation business, which grew by 24%. Growth in the cargo business, although a bit slower, achieved a healthy 8%, reaching AED 4.5 billion (US$ 1.2 billion).
Part of this revenue growth can be attributed to the airline’s capacity expansion. In 2025, Etihad expanded the capacity on offer by 21%, added 29 aircraft to its fleet (including its first A321LRs) and launched a string of new routes, adding 16 new destinations to its network. What’s more, the airline also managed to increase its passenger load factor by two percentage points, to 88.3%, carrying 22.4 million passengers throughout the year.
The higher revenue numbers, combined with cost discipline, have also translated into increased profitability, with EBITDA growing by 37% year-on-year, to AED 6.3 billion (US$ 1.7 billion). This represents an EBITDA margin of 20%.
Profit after tax is up by a whopping 47% to AED 2.6 billion (US$ 698 million), which represents a profit margin of 8.4%.
These are remarkable figures for the standards of the airline industry, which, as Etihad stated in its press release announcing the results, usually posts average net profitability margins below 4%.
This is the fourth year in a row that Etihad has posted a positive financial result and further confirms that the airline has left behind a financially troubled period which began over a decade ago and culminated during the pandemic.