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Etihad Airways · Owned by ADQ, not listed · FY2025

Etihad Guest by the numbers

Etihad Airways reported revenue of AED 30.7 billion (about US$8.4 billion), up 21%, and net profit of AED 2.6 billion (US$698 million), up 47%, for 2025, its strongest year. The releases do not attribute any of it to Etihad Guest and give no member count or miles liability.

Written and reviewed by the Points Plug team. Last reviewed .

What Etihad Airways reports

Members
Not disclosed
Etihad's results releases give no Etihad Guest member count, revenue or liability figure.

Card partners and deals

  • Etihad Guest co-brand cards are issued by banks in the UAE and other markets; the results releases do not name partners or terms.

How the miles are accounted for

  • Etihad publishes results releases rather than a full annual report with loyalty notes, so no program-level figure is available.

What it means

Etihad is owned by ADQ, an Abu Dhabi sovereign fund, and an initial public offering has been discussed publicly. If it lists, the prospectus would be the first document to show the program's economics; until then there is nothing to cite.

Group context from the traffic release: 22.4 million passengers in 2025, up 21%.

What it means for your Etihad Guest balance

A program that earns more from selling miles to banks than from flights has an incentive to keep issuing them, and the deferred revenue line is the airline's own estimate of what an average outstanding mile will cost it to honour. Compare that with published valuations and with what Points Plug pays to see where your balance stands.

Etihad Guest finances: FAQ

Does Etihad disclose Etihad Guest figures?
No. The 2025 results give airline revenue and profit only.
How profitable is Etihad?
AED 2.6 billion (US$698 million) of net profit on AED 30.7 billion of revenue in 2025, an 8.4% margin.

Sources

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