Etihad reports another 6 months' record double-digit growth; 20% of revenues from partnerships

Since reporting its maiden profit in 2011, Etihad Airways' financial results have shown steady and solid growth, even in the face of less than certain global economic conditions. The carrier's 1H2013 results suggest the strength of its 'equity alliance' strategy, with the airline recording record double-digit growth in the period, with a particularly strong contribution from its partner airlines.

Revenue is at record levels, but the carrier only discloses bottom line results on an annual basis.

Etihad reported 2Q2013 passenger revenue of USD921 million, up 8% year-on-year. 1H2013 passenger revenue growth was even stronger, up 13% year-on-year to USD1.8 billion. Overall, total revenue (including cargo) grew to USD2.5 billion for the first six months of 2013, an increase of 14%. Of this, Etihad's partnership revenue comprised 20% of total passenger revenue in both periods.