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Etihad reports positive EBITDAR on 28% revenue growth in 1H2011

13-Jul-2011 12:40 PM

Etihad Airways reported (13-Jul-2011) its first EBITDAR profit for the first half with a 28% year-on-year jump in revenue to USD1720 million for the six months ended 30-Jun-2011. The carrier stated it remains on track to achieve its goal of breaking even this year and maintaining sustainable profitability in 2012. Details include:

  • Revenue: USD1720 million, +28% year-on-year;
    • Passenger: +21%;
    • Cargo: +32%;
  • Passenger numbers: 3.8 million, +14%;
  • Seat factor: 72.9%, +0.4 ppt;
  • Passenger yield: +5%;
  • Cost per ASK: -2%. [more]