Etihad Airways announced (30-Dec-2012) it carried over 10 million passengers so far in 2012 and expects to increase traffic by 22% year-on-year to 10.3 million in 2012. The airline expects to carry more than 74 million passengers in 2012 in combination with its equity partners. The airline expects airberlin to report 33.4 million passengers in 2012, Virgin Australia 19.5 million, Aer Lingus 11 million and Air Seychelles 241,000. Etihad Airways president and CEO James Hogan said, "Etihad Airways has achieved significant expansion in 2012 and therefore it's very satisfying to pass our target of flying more than 10 million passengers during a year for the first time." Etihad Cargo increased its total volume in 2012 by 18% year-on-year to 365,000 tonnes. [more - original PR]
Etihad Airways reports 10.3 million passengers and 365,000 tonnes of cargo in 2012
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James Hogan, the CEO of Etihad Airways, which owns a 29% stake in airberlin in addition to minority stakes in other European airlines, was recently reported saying that Etihad would not increase these holdings, even if the EU were to change foreign ownership limits. Etihad has already provided more than EUR800 million in various forms to airberlin since 2012. The German airline now needs time to implement its fourth restructuring plan since 2011.
After several years of losses, airberlin's results for 9M2015 – another operating loss that only narrowed slightly due to asset disposals – suggest that it will not fulfil its Mar-2015 promise of "significantly improved results" in 2015. Another big loss looks likely, in a year when the global airline industry is set to record margins consistent with historic cyclical peaks and fuel prices are lower than they have been since airberlin last made an annual operating profit.
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