Net Profit Climbs 200 Per Cent At Etihad

Etihad Airways is celebrating a 200 per cent jump in net profit in 2012 to $42m. Revenue rose from $4.1m to $4.8m with partner airlines contributing 19 per cent of passenger revenue. The carrier also recorded a 23 per cent rise in revenue passenger kilometres (RPK). CEO James Hogan said: “This has been a game-changing year for Etihad Airways. We have delivered improved net profit, the second consecutive year we have been in the black, a remarkable achievement given the youth, ambitious growth and on-going investment made by this airline in a challenging global economic environment.” Etihad named its codeshares and equity alliances with Air Seychelles, airberlin, Virgin Australia and Aer Lingus as key contributors to the jump in RPK. It also cited a five per cent reduction in non-fuel costs per available seat kilometre (ASK) and a record sat factor of seat factor of 78.2 per cent.

TAGS: Middle East
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