Fitch keeps Etihad Airways AA- rating
Fitch Ratings has reaffirmed the long-term credit rating of Etihad Airways at AA- with a stable outlook, supported by strong ties with the Abu Dhabi government and a growth plan through 2030. The outlook follows a rapid recovery that accelerated in the second quarter of 2026, with capacity increasing by 12% compared to the previous year, and an expected rise of between 10% and 15% during the summer season. The company aims to expand its fleet to 200 aircraft by 2030, up from 127 aircraft in 2025, focusing on long-haul aircraft and destination expansion. In 2025, the airline achieved record performance, with revenues up by 21% and EBITDA rising by 37%. Its liquidity is supported by financial policies such as deferring some aircraft payments, and it owns unsecured assets accounting for 66% of the fleet's value, with expansion financing expected to come from cash flows and leasing agreements.
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