20-Mar-2013 2:45 PM

Etihad Airways attributes profits to equity alliance model

Etihad Airways CEO James Hogan said (19-Mar-2013) the strong financial performance of the airline and its equity partners airberlin, Air Seychelles, Virgin Australia and Aer Lingus in 2012 reflected investment in strong business and management teams and shared passenger traffic and cost synergies between the airlines. Etihad reported increased codeshare traffic, joint sales and marketing efforts and business and cost synergies between the carriers. The carrier said codeshare agreements with its four partners and 38 other airlines delivered more than 1.2 million passengers into the overall 'virtual network' in 2012. Mr Hogan said, "These are strong and strengthening businesses, which have outperformed the global market and their own regional markets in 2012. The overall economic outlook remains challenging in 2013. The strengths of our equity alliance point towards a positive year ahead, with many further benefits to be unlocked for each of us." [more - original PR]

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