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Etihad Airways posts 200% rise in 2012 net profit, 17% revenue spike

AFP
February 5, 2013, 12:14 am TWN

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ABU DHABI--Etihad Airways, the fast-growing carrier of Abu Dhabi, posted a 200-percent rise in net profit in 2012 and a 17-percent increase in revenues, the airlines said in a statement Monday.

Etihad posted a net income of US$42 million last year compared to US$14 million in 2011 when it made its first ever profit, said the statement which attributed the rise to strong improvements in revenues, passengers and cost control.

The flag carrier of the Emirati capital Abu Dhabi said revenues increased 17 percent to US$4.8 billion in 2012 compared to US$4.1 billion the previous year.

The number of passengers grew a healthy 23 percent to 10.3 million compared to 8.4 million in 2011, significantly boosted by Etihad's partnerships which delivered more than US$600 million in total revenue.

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1 Comment

February 5, 2013 alakhtal@

I think James Hogan, Etihad President & Chief Executive skipped Math Classes. $42M income outta $4.8 billion revenue is 0.875% income not 200% its income not profit. Etihad got 67 planes which Uhauled 10.3 million passengers last year by overpaid 10,656 employees at average ticket price of $500 each MOREOVER Etihad fractionally owns four Defunct Bankruptcies as vulnerable as Air Seychelles, Airberlin, Virgin Australia and Aer Lingus LIABILITIES.

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