Etihad Airways slowing growth to improve financial performance
Etihad Airways confirmed this month that it is in negotiations with Airbus to delay its A380 deliveries, in favour of accelerating deliveries of smaller widebody aircraft as it continues its quest to report a maiden break-even result. The carrier now hopes to turn a profit by 2011, after the global financial crisis forced it to push back its 2010 profitability target, due to lower than anticipated passenger growth and the downturn in yields, particularly in the premium segment.
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