Etihad pushes back breakeven forecast
The pressure of the global financial crisis and the downturn in business traffic have made their effect felt on Etihad Airways. The carrier has now pushed back its forecast for profitability from 2010 to 2011, suffering from lower yields despite continued growth in passenger traffic to/from the Middle East. Globally, premium revenue shave declined by as much as half on a month-to-month basis, while volumes have been cut by up to a quarter.
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