Etihad Airways Chief Commercial Office Peter Baumgartner stated the carrier is on track to break even by the end of 2011 (Gulf News, 16-Jun-2011). "We had a positive EBITDA last year, which is the first step towards break even," he said. Mr Baumgartner added that high international oil prices are affecting the airline industry. The carrier has hedged more than 70% of its fuel requirements for 2011.
Etihad Airways on track for break-even result by end of 2011
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Brexit follow-up Part 3: Gulf airlines, Turkish lose UK ally in M/E talks as protectionism spreads
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Airberlin makes network cuts, refocusses on North America long haul and new premium product
Despite low fuel prices that have carried the global airline industry to record margins, airberlin's 2Q2016 losses have widened. This was its fifth successive quarter of unit cost growth outpacing unit revenue growth (they both fell, but unit revenue fell faster). Airberlin improved its cost structure, but CEO Stefan Pichler said that 2Q "was more challenging than expected on volumes and yield". It now seems likely that 2016 will be yet another year of red ink for airberlin, which is 30% owned by Etihad.
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