Etihad Airways posts 200% rise in 2012 net profit, 17% revenue spike
AFPABU 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.
February 5, 2013, 12:14 am TWN
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.