Etihad pushes back breakeven forecast
The pressure of the global financial crisis and the downturn in business traffic have made their effect felt on Etihad Airways. The carrier has now pushed back its forecast for profitability from 2010 to 2011, suffering from lower yields despite continued growth in passenger traffic to/from the Middle East. Globally, premium revenue shave declined by as much as half on a month-to-month basis, while volumes have been cut by up to a quarter. [1027 words]
Unlock the following content in this report:
- Etihad offers new Premium products – confidence that the good times are returning?
- More discounting as Middle East enters low season
- Winter schedule period maintains Etihad’s bullish profile
Graphs and data:
- Global premium ticket volume & revenue growth: Jul-2007 to Aug-2009
- Middle East premium traffic & revenue share
- Etihad Airways annual passenger traffic (millions): 2004 to 2009F
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