Etihad begins milestone year with new record

Etihad begins milestone year with new record
By admin


The first quarter of Etihad's 10th year of operations has emerged as its strongest to date, with passenger and cargo results for the period hitting new highs.

The airline posted passenger revenues of US$900 million for the three months to March, up 19% on the previous corresponding period, as passenger numbers climbed 18% to 2.8 million.

Cargo revenues grew 17% to hit US$193 million.

Meanwhile, Etihad's average load factor rose four percentage points to 80.5% for the quarter.

President and chief executive James Hogan said the numbers had "outstripped" global trends, exceeding the International Air Transport Association (IATA)  global average load factor of 77.1%.

"This performance demonstrates that Etihad Airways' strategy of organic growth, wide-ranging partnerships, and strategic equity investments is delivering for us and our partners," he said.

Hogan reported revenues from the carrier's codeshare and equity partnerships had shot up by 34% in the first  quarter to US$182 million, representing 20% of total revenue.

They will also deliver cost savings through operational synergies, he added.

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