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Etihad reports record Q1 profit of Dhs685m, up 30% YoY

Passenger numbers rose 16 per cent year-on-year to 5.0 million with passenger load factor increasing to 87 per cent (+ 1 pp YoY); network and fleet expansion well under way

Gulf Business
Gulf Business

21 May, 2025

Etihad reports record Q1 profit of Dhs685m, up 30% YoY
Image: Etihad Airways

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Etihad Airways reported record-breaking financial results and customer satisfaction in the first quarter of 2025, building on strong momentum from the previous year.

The airline posted a profit after tax of Dhs685m ($187m), up 30 per cent year-on-year, supported by strong passenger demand and continued operational efficiencies.

Total revenue rose 15 per cent compared to Q1 2024, reaching Dhs6.6bn($1.8bn), with growth driven by both passenger and cargo segments. Passenger revenue grew 16 per cent to Dhs5.5bn($1.5bn), supported by increased flight frequencies, network expansion, and higher capacity.

Cargo revenue rose 8 per cent year-on-year, despite a 4 per cent decline in volume, on the back of improved yields.

Five million passengers carried in Q1

The carrier transported five million passengers in the first quarter, a 16 per cent increase year-on-year, with passenger load factor rising one percentage point to 87 per cent. Over the past 12 months, Etihad has carried nearly 20 million passengers, positioning it as the fastest-growing airline in the region.

Customer satisfaction hit a record high in Q1, improving by 20 per cent year-on-year across key service areas, including check-in, inflight service, food and beverage, and digital platforms.

The airline launched new lounge and inflight menus during the period, alongside upgraded service standards.

Etihad’s fleet continued to expand, with 98 aircraft in service by the end of the quarter, including the return of a sixth Airbus A380. The airline also took delivery of a new Airbus A350-1000 in April, with another Boeing 787 Dreamliner set to follow. These aircraft feature high-speed Wi-Fi and enhanced inflight entertainment systems.

Etihad q1 numbers Image supplied

The airline also introduced its new A321LR cabin in April, becoming the first in the region to offer First Class on a single-aisle aircraft. The cabin includes private First suites and lie-flat Business seats for medium-haul routes.

A new concierge service, private chauffeur transfers, and baggage-free travel options are expected to launch in Abu Dhabi from August.

EBITDA for the quarter reached Dhs1.4bn ($379m), up 32 per cent year-on-year, with EBITDA margin rising to 21 per cent.

Cash flow from operations increased by 11 per cent to Dhs1.8bn ($500m), while net leverage improved to 1.1x from 1.9x a year earlier, supported by scheduled debt repayments and strong cash generation.

Etihad operated flights to 80 destinations as of March 2025 and has announced 16 new routes to launch this year.

“We are proud to deliver a record-breaking quarter – both in profitability and in guest satisfaction,” said Etihad CEO Antonoaldo Neves. “We’re executing a clear strategy: grow sustainably, operate efficiently, and never lose focus on delivering remarkable experiences to our guests.”

Etihad Airways: Key Q1 2025 metrics

  • Profit after tax: Dhs685m ($187m), +30 per cent YoY
  • Total revenue: Dhs6.6bn ($1.8bn), +15 per cent YoY
  • Passenger revenue: Dhs5.5 bn ($1.5 bn), +16 per cent YoY
  • Passengers carried: Five million, +16 per cent YoY
  • Load factor: 87 per cent, +1 pp YoY
  • EBITDA: Dhs 1.4bn ($379m), +32 per cent YoY
  • Cash flow from operations: Dhs 1.8 billion ($500m), +11 per cent YoY
  • Net leverage: 1.1x (down from 1.9x in March 2024)
  • Fleet size: 98 aircraft
  • Destinations: 80 (16 new routes launching in 2025)

Read: Etihad to launch direct flights to Charlotte, aims to expand US network

Estonian food brands tap into MENA market

Estonia’s active participation in major trade events like Gulfood contribute to expanding the presence of Estonian F&B brands in the MENA market

Gulf Business
Gulf Business

21 May, 2025

Estonian food brands tap into MENA market
Image: Supplied

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From traceability to tradition-driven innovation, Estonian brands are carving out a distinct niche in the MENA region’s competitive market. Katre Kõvask, Export Workgroup Leader at the Estonian Food Industry Association and CEO of YOOK shares insights on the factors that make Estonian F&B products appealing.

How do Estonian food and beverage brands, known for their organic ingredients and sustainability, align with the consumers in the MENA region?

Estonian food and beverage (F&B) brands’ commitment to organic and sustainably sourced ingredients directly aligns with the rising health consciousness and environmental awareness among MENA consumers. Estonia’s pristine environment and focus on natural farming methods ensure that products are free from harmful additives and pesticides, meeting the high expectations of a health-focused market.

Furthermore, Estonian producers emphasise environmentally friendly practices such as organic farming, renewable energy usage, and minimal waste, resonating with consumers in the MENA region who increasingly prioritise eco-conscious products. These shared values create a foundation for building trust and loyalty with MENA consumers.

Estonia’s reputation for high-quality food production is built on strict quality controls and certifications. How do Estonian F&B companies ensure traceability, transparency, and product purity?

Estonian F&B companies operate under some of the most stringent quality control systems in Europe, ensuring that every product meets the highest standards of safety and purity. With advanced technologies like blockchain for supply chain transparency and digital traceability solutions, Estonian companies can provide detailed insights into every stage of production, from farm to table.

Additionally, many Estonian products carry certifications such as EU Organic, Halal, and ISO standards, which are particularly appealing to MENA consumers concerned about food safety, ethical sourcing, and compliance with dietary requirements. By emphasising traceability and purity, Estonian brands offer MENA consumers the assurance they seek.

How are Estonian brands leveraging their food technology innovations to develop products that support health and wellness, such as high-fibre or gut-health-promoting foods?

Estonian brands are at the forefront of food technology innovation, leveraging cutting-edge research and development to create plant-based and functional food products that cater to the health and wellness trends in the MENA region. Examples include dairy alternatives enriched with probiotics for gut health, high-fibre snacks made from ancient grains, and fortified foods designed to meet specific nutritional needs.

Estonia’s focus on combining traditional ingredients with innovative processes ensures that these products are not only healthy but also flavourful and authentic, appealing to a diverse consumer base in the MENA market.

How do Estonian F&B companies incorporate sustainability into their products?

Sustainability is deeply ingrained in the operations of Estonian F&B companies. From sourcing raw materials through organic and regenerative agriculture to utilising renewable energy and implementing waste-reduction strategies, these companies prioritise eco-friendly practices throughout the production process.

Sustainable packaging solutions, such as biodegradable and recyclable materials, further demonstrate Estonia’s commitment to minimising environmental impact. For MENA consumers who are increasingly environmentally conscious, these efforts underscore the authenticity and responsibility of Estonian brands, making them a natural choice for those seeking sustainable options.

Given Estonia’s strong emphasis on both tradition and innovation, how does the blend of these values position Estonian food products in the MENA market?

Estonia’s unique combination of tradition and innovation positions its food products as highly distinctive in the competitive MENA market. Traditional recipes and natural ingredients reflect Estonia’s culinary heritage, while innovative processes and technologies ensure modern quality and functionality.

This blend allows Estonian brands to cater to consumers seeking authentic flavours and trustworthy products while also delivering cutting-edge solutions like functional foods, enhanced nutritional profiles, and sustainable packaging.

How does Estonia’s active participation in major trade events like Gulfood contribute to expanding the presence of Estonian F&B brands in the MENA market?

These events provide Estonian companies with opportunities to connect directly with distributors, retailers, and decision-makers, fostering valuable relationships and increasing brand visibility. The Estonian government actively supports these efforts through initiatives such as export grants, trade delegations, and promotional campaigns.

By facilitating collaborations and offering strategic support, the government plays a vital role in building long-term partnerships between Estonian companies and GCC businesses, ensuring mutual growth and success in the region.

Eid Al Adha 2025: Kuwait announces festival dates

The Kuwaiti government had also earlier announced the declaration of a public holiday in observance of the festival

Gulf Business
Gulf Business

21 May, 2025

Eid Al Adha 2025: Kuwait announces festival dates
Image credit: Getty Images

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Kuwait-based Al Ojairi Scientific Center announced that the first crescent of Dhul Hijjah will be sighted astronomically on May 28, with the Day of Arafah falling on June 5 this year, according to a report by Arab Times Online.

Read-Kuwait announces Eid Al Adha holidays

In a press release, the center explained that the crescent of Dhul Hijjah will be born after the conjunction at dawn on May 27, the 29th of Dhul Qidah, and will be visible that evening. The new crescent will remain visible in Kuwait’s skies for 43 minutes and can be clearly seen after sunset. It will also be visible in Arab and Islamic capitals for 40 to 58 minutes. Based on scientific calculations, Eid Al Adha will be observed on June 6, 2025.

The Kuwaiti government has announced the suspension of work and the declaration of a public holiday across all state bodies and public institutions from June 5 to 9 in observance of Eid Al Adha, the cabinet announced on April 29.

Government employees will return to work on Tuesday, June 10, according to a report by the Kuwait News Agency.

However, workplaces of an “unconventional” nature may determine their own holiday schedules, the cabinet noted during its weekly session, chaired by Acting Prime Minister and Interior Minister Sheikh Fahad Yusuf Al Sabah.

Sharjah’s smart move: Roads get new signals to tackle traffic jams

The system aims to improve traffic flow, reduce congestion, and enhance road safety across the emirate

Nida Sohail
Nida Sohail

21 May, 2025

Sharjah’s smart move: Roads get new signals to tackle traffic jams

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The Sharjah Roads and Transport Authority (SRTA) has launched a set of smart traffic signals as part of its broader infrastructure development strategy.

Dubai: New traffic signal control system to reduce congestion by 20%

According to a WAM report, the signals are integrated into an advanced system developed under the “Green Traffic” initiative. The system aims to improve traffic flow, reduce congestion, and enhance road safety across the emirate.

Smart projects to enhance Sharjah’s transport sector

Engineer Yousef Khamis Al Othmani, Chairman of SRTA, stated that the initiative is part of a wider package of smart projects aimed at advancing Sharjah’s transport sector. By adopting the latest global technologies, SRTA seeks to improve road infrastructure efficiency and provide innovative, sustainable solutions in line with smart urban transformation.

Benefits of the Green Traffic system

The “Green Traffic” system marks a significant step forward in traffic management. It helps reduce wait times, ease congestion, and ensure safer movement for both pedestrians and vehicles.

Al Othmani also highlighted the system’s environmental benefits, including its role in cutting harmful emissions caused by frequent stops and starts—contributing directly to Sharjah’s sustainability goals and its vision for a greener future.

The smart traffic signals incorporate advanced technologies, including sensors and detectors that monitor traffic volumes and adjust signal timings in real-time. This allows for smoother, more synchronized traffic flow, enabling vehicles to pass through multiple green lights at consistent speeds between 40 and 50 km/h.

Beyond easing congestion—particularly during peak hours—the system also reduces risks from uncontrolled pedestrian crossings.

Be part of the first 250: Join the WHX Tech Founders Circle

The initiative underscores WHX Tech’s commitment to building a community of early adopters and innovators shaping the future of digital health

WHX Tech
WHX Tech

21 May, 2025

Be part of the first 250: Join the WHX Tech Founders Circle
Image credit: WHX Tech

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As part of its launch, WHX Tech has announced the creation of The Founders Circle, an exclusive intiative for the first 250 individuals to register for the inaguaral digital health event.

Launching alongside WHX Tech 2025, the Founders Circle offers early supporters unique benefits including early access to industry-leading insights, exclusive merchandise, special rates on future events, and recognition as one of WHX Tech’s original founding members. The initiative underscores WHX Tech’s commitment to building a community of early adopters and innovators shaping the future of digital health.

WHX Tech – where innovation comes to life

Taking place from 8–10 September 2025 at the Dubai World Trade Centre, WHX Tech is developed in partnership with HIMSS (Healthcare Information and Management Systems Society) — the global authority in health information and technology. Together, WHX Tech and HIMSS are creating a landmark event designed to bring innovation to life by accelerating the adoption of digital health solutions across real-world care settings.

WHX Tech is the latest expansion of WHX — the world’s largest network of healthcare events — built on a legacy that began in 1975 with WHX Dubai (formerly Arab Health). This next-generation event unites technology leaders, healthcare professionals, investors, and policymakers to spark transformative change in healthcare systems worldwide.

Built to bring innovation to life by accelerating the adoption of innovation in healthcare, WHX Tech unites technology leaders, healthcare professionals, investors, and policymakers to drive real-world change.

Why join The Founders Circle?

For founders shaping the next wave of healthcare, early access means more than just a head start: it’s a strategic edge. As a Founders Circle member, you’ll unlock:

  • Early access to industry reports, intelligence and insights before they go public
  • Founders-only WHX Tech merchandise
  • Exclusive rates for future WHX Tech events
  • Recognition as part of WHX Tech’s founding community
  • And many more benefits designed to enhance your experience during the inaugural event

And most importantly, recognition as an early supporter of WHX Tech — where healthcare innovation moves from concept to implementation at scale.

The Founders Circle initiative is limited to just 250 spots, and early bird registration is now live!

Don’t miss your chance to be part of a launch that’s already capturing the attention of global tech and investor networks.

What else is on offer at WHX Tech?

  1. Xcelerate Stage
    Startups, this is your moment. Pitch your solution live in front of healthcare investors, VCs, and procurement leaders. Finalists will compete for a $50,000 equity free prize fund – plus gain real-time feedback from some of the sector’s sharpest minds.
  2. The Connections Programme
    This isn’t your average networking session. The WHX Connections Programme matches sponsors with curated buyers and entities that can enhance the future of your business. The team will matchmake sponsors and buyers alike to ensure that you’ll walk away with genuine leads and not just LinkedIn requests.
  3. Global insights on tailored stages
    From AI and diagnostics to digital patient journeys and health data interoperability, founders will gain actionable insights from WHX Tech’s three major stages:
  • World X: global case studies and bold predictions for the future of digital healthcare
  • Future X: where CEOs, policymakers, and ecosystem architects set the tone for the next era
  • Xcelerate: where bold startups redefine the future of health and tech through live pitches and visionary solutions.

Confirmed speakers already include innovators, strategists, and public health leaders from the UAE, Saudi Arabia, Europe, and the US.

MENA’s launchpad for healthtech growth

Backed by government support, increased investment, growing demand, and a surge in regional collaboration, the Middle East is fast becoming a proving ground for global digital health solutions. The region is well positioned to scale what works, and fast.

Whether you’re preparing to launch, scale, adopt new technology or build partnerships, the WHX Tech Founders Circle gives you a front-row seat—and a voice in the future.

WHX Tech is the global stage for digital health innovation, dedicated towards accelerating the adoption of next-generation technology to tackle real-world healthcare challenges.

Join now

Early bird tickets are live—and with them, your chance to join The Founders Circle. Once the 250 spots are filled, they’re gone!

Registration link: https://shorturl.at/yEK8N

DP World to invest $2.5bn in 2025 to expand global logistics footprint

DP World said the investments span four continents and will significantly boost capacity at key ports, reinforcing its position as a key enabler of global trade

Gulf Business
Gulf Business

21 May, 2025

DP World to invest $2.5bn in 2025 to expand global logistics footprint
Image: DP World

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Dubai-based DP World will invest $2.5bn this year to expand its global logistics network, with major infrastructure projects across India, Africa, South America, and Europe, the company said on Tuesday.

The investments aim to bolster end-to-end supply chain capabilities in response to increasing demand for resilient and integrated logistics solutions. The move also reaffirms the company’s long-term confidence in global trade, despite current economic uncertainties.

“Global trade is evolving fast, and we are investing boldly to shape its future,” said Sultan Ahmed bin Sulayem, chairman and group CEO of DP World. “This $2.5bn commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected.”

DP World said the investments span four continents and will significantly boost capacity at key ports, reinforcing its position as a key enabler of global trade.

Read: Abdulla bin Damithan on how DP World’s Jafza has become a global trade powerhouse

DP World investments across markets

In India, the company is constructing a new $510m terminal at Tuna Tekra in Gujarat, featuring a 1.1-kilometre berth and an annual capacity of 2.19 million TEUs. The terminal will connect India’s hinterland to global markets via roads and railways.

In Africa, DP World is advancing its deep-sea port project in Banana, Democratic Republic of Congo. The new facility, with a capacity of 450,000 TEUs per year, is expected to reduce transit times and attract larger vessels from Asia and Europe, enhancing the region’s economic prospects.

Further north, in Senegal, the company has begun work on the 1.2 million TEU-capacity Ndayane Port, with an initial investment of $830m. The project is considered vital to the country’s long-term development.

In South America, DP World has started a $140m expansion at the Port of Posorja in Ecuador, extending the dock to 700 meters to accommodate two post-Panamax vessels simultaneously.

Meanwhile, in Europe, the company will invest $1bn in expanding the London Gateway logistics hub, including two new shipping berths and a second rail terminal.

The development is expected to create 400 jobs and bring the port closer to becoming the UK’s largest container terminal by the end of the decade.

The projects align with DP World’s strategy to build a fully integrated global trade platform that spans ports, inland logistics, marine services, freight forwarding, warehousing, and technology. The company now operates over 240 freight forwarding offices worldwide.

“Our integrated model gives us visibility and control across the entire supply chain, helping our partners reduce risks and costs,” bin Sulayem said. “No one else can offer this breadth of capabilities, and we are proud to deliver long-term value to the customers and communities we serve.”

DP World said the expansion reflects its belief in trade as a driver of economic development, job creation, and improved access to goods for millions globally.

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