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Etihad Airways credits partnerships with increased traffic and revenue in 2012

4-Feb-2013 4:49 PM

Etihad Airways announced (04-Feb-2013) its increased revenue and passenger traffic in 2012 were "boosted significantly" by its equity partnerships and codeshare agreements. The airline reported it minimised the impact of high fuel prices through a rigorous fuel hedging policy and hedged 80% of its fuel costs in 2012. Etihad Airways president and CEO James Hogan said cargo continued to play an important part in the airline's success. Mr Hogan said, "Etihad Cargo is continuing to outperform the market. We are building strong momentum in international growth markets and through focussed customer and product segmentation." The airline plans to take delivery of one A330F, two Boeing 777Fs, six 777-300ERs, four A320s and one A321 in 2013 to meet its immediate growth requirements. [more - original PR]