Abu Dhabi's Etihad Airways more than tripled net profit last year to $476 million, the company said on Wednesday as the carrier pushes ahead with plans for an initial public offering (IPO).

Etihad Airways has reported a record net profit of $476 million for 2024, marking a significant milestone in the airline's financial performance.

Etihad Airways has announced that in 2024, the airline achieved its highest-ever profit after the number of carried passengers grew by a whopping 32% year-on-year (YoY).

Etihad Airways more than tripled its net profit last year to $476 million, the carrier, which sources say is set for an initial public offering this quarter, said on Wednesday.

Etihad Airways today announced its results for the full year 2024, recording strong performance across all key metrics with an AED1.7 billion (US$476 million) profit after tax driven by AED20.8 billion (US$5.