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Etihad Airways slowing growth to improve financial performance

1-Apr-2010

Etihad Airways confirmed this month that it is in negotiations with Airbus to delay its A380 deliveries, in favour of accelerating deliveries of smaller widebody aircraft as it continues its quest to report a maiden break-even result. The carrier now hopes to turn a profit by 2011, after the global financial crisis forced it to push back its 2010 profitability target, due to lower than anticipated passenger growth and the downturn in yields, particularly in the premium segment. [1662 words]

Unlock the following content in this report:

Subheadings:

  • Smaller widebodies to expand network
  • First Class traffic yet to recover
  • Outlook: Slowing into profitability

Graphs and data:

  • Etihad Airways destinations: Year end 2003 to 2009
  • Airbus A380 deliveries
  • Dubai & Abu Dhabi passenger traffic (% change): Jan-2008 to Jan-2010
  • Etihad Airways fleet growth (passenger & cargo aircraft): year-end 2004 to 2016 (projected)
  • Etihad Airways fleet & orders
  • Middle East carriers international premium traffic share: Jan-2008 to Jan-2010
  • International premium traffic growth by route: Jan-2010
  • Emirates, Qatar Airways and Etihad Airways new destinations: 2009
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