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Etihad Airways revenue close to USD4bn for 2011, on track for break-even

17-Nov-2011 1:38 PM

Etihad Airways CFO James Rigney forecast the carrier would report revenue of AED14.3 billion (USD3.9 billion) in 2011 and is on track to break-even (Gulf News, 17-Nov-2011). Mr Rigney stated the carrier has cut USD300 million from its costs this year through fuel hedging and has hedged nearly 80% of its fuel requirements for the year.