Etihad Airways reports fourth consecutive year of net profit in 2014

Etihad Airways revenue up 27% - financial highlights for 12 months ended 31-Dec-2014:

• Total revenue: USD7600 million, +26.7% year-on-year;
• • Partner revenue: USD1129 million, +37.7%;
  • Cargo revenue: USD1106 million, +19.2%;
• EBIT: USD257 million, +32.5%;
• Net profit: USD73 million, +52.1%;
• Passenger numbers: 14.8 million, +22.3%;
• Load factor: 79.2%, +1.2 ppt;
• Cargo volume: 569,000 tonnes, +16.8%. [more - original PR]

Etihad Airways: "Our shareholder has set a clear commercial mandate for this business and we continue to deliver against that mandate. Our focus is on sustainable profitability and our fourth year of net profits, at a time when we continue to invest in the new routes, new aircraft, new product and new infrastructure needed to compete effectively, shows we are serious about that goal," James Hogan, President and CEO. Source: Company statement, 28-May-2015.