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Abu Dhabi carrier reports passenger and profits boost

Abu Dhabi airline Etihad Airways has announced a huge increase in passenger numbers and profits.

In the second quarter, 2.55 million passengers travelled with Etihad, an increase of 34 per cent – taking the total for the half year to 4.89 million in the half year.

As a result, the airline’s second quarter revenues were up 31 per cent to $1.25 billion (£0.8 million); bringing its total revenues for the year to $2.24 billion, up from $1.73 billion for the same period in 2011.

The airline put this strong performance down to “increased overall capacity and improved seat factors”.

Etihad has a number of codeshares and partnerships. It has a 30 per cent stake in Germany’s Air Berlin, a 40 per cent chunk of Air Seychelles and a small share in Ireland’s Aer Lingus. Its most recent move was to purchase a four per cent stake in domestic carrier Virgin Australia.

Written by Anthony Nicholson

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